In: Finance
Joe bought 5 1/2 cords of maple at $85 per cord of maple. He also purchased 6 3/4 cords of cedar at $60 per cord of cedar. Joe’s neighbor Dan offered to share the wood & pay Joe 2/5th of the total cost. How much did Joe receive from Dan?
1.Total cost
Cost of Maple = 5.50 * $85 = $467.5
Cost of Cedar = 6.75 * $60 = $405
Total cost = $872.5
2. DAN offered to Joe = $872.5 * 2/5 = $349