Problema Solution
A merchant sold a chair for $60. This was at a profit of 25 percent of what it cost him. The chair cost him
A. $48. B. $45. C $15. D $75
Please show me step by step how you got the answer
Answer provided by our tutors
let
x = the cost of the chair
the cost + the profit = $60
x + 25% of x = $60
x + 0.25x = 60
by solving we find:
x = $48
click here to see the step by step solution of the equation:
the cost of the chair was $48.