Question

A merchant could sell one model of digital cameras at list price and receive $231 for all of them. If he had four more cameras, he could sell each one for $12 less and still receive $231. Find the list price of each camera.

Answer 1

If x cameras are sold at price c each one, the total earning is $231, so we can write the following equation:

`x\cdot c=231`

Then, if x+4 cameras are sold at price c-12 each one, the total earning is still $231, so we can write a second equation:

`(x+4)(c-12)=231`

Let's equate the right sides of each equation, since they have the same value:

`\begin{gathered} x\cdot c=(x+4)(c-12)\\ \\ xc=xc-12x+4c-48\\ \\ -12x+4c-48=0\\ \\ -3x+c=12\\ \\ 3x=c-12\\ \\ x=(c)/(3)-4 \end{gathered}`

Now, let's use this value of x in the first equation and solve it for c:

`\begin{gathered} ((c)/(3)-4)c=231\\ \\ (c^2)/(3)-4c=231\\ \\ c^2-12c=693\\ \\ c^2-12c-693=0\\ \\ c=(12\pm√(144+4\cdot693))/(2)\\ \\ c_1=33\\ \\ c_2=-21 \end{gathered}`

Since a negative cost is not valid, the answer is 33.