Question

at a local grocery store, the bananas they receive are transported through three stages: from the farmer to the market, from the market to the wholesaler, and from the wholesaler to the grocery store. at each stage, the price of the bananas increases by 20% of the previous price. If a person buys 80 cents worth of bananas at the grocery store, how much was the farmer paid for those same bananas?

Answer 1

solve for x, the original price of the bananas

x(1.2)^3 = 80

Answer 2

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