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Five-Eighths of Jim Bernard's Inventory Was Destroyed by Water Damage

Question 99

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Five-eighths of Jim Bernard's inventory was destroyed by water damage. He sold the remaining part, which was slightly damaged, for one-third of its value and received $5000.
a) What was the value of the destroyed part of the inventory?
b) What was the value of the inventory before the fire?

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Let the slightly damaged part ...

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