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Problem of the Week
Problem D
Sale Boats

Harold, a marina manager, purchased two boats. He then sold the boats, the first at a profit of \(40\%\) and the second at a profit of \(60\%\). The total profit on the sale of the two boats was \(54\%\) and \(\$88\,704\) was the total selling price of the two boats.

What did Harold originally pay for each of the two boats?