Posted by Al on Thursday, April 19, 2012 at 2:12am.
1. 1.25P = 1200.
P = 1200 / 1.25 = $960
2. 960-960r = 1200-1200r - 175.20.
960-960r = -1200r + 1024.80.
-960r + 1200r = 1024.80 - 960.
240r = 64.8.
r = 64.8 / 240 = o.27 = 27%.
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