hagedornlizzy hagedornlizzy
  • 16-04-2018
  • Mathematics
contestada

If the selling price is $75.50 and includes the cost plus 5% of the cost, then what is the cost

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arricreyes14 arricreyes14
  • 17-04-2018
The answer is 71.90. Hope this helps
Answer Link
MsEHolt MsEHolt
  • 15-02-2019

Answer:

71.90

Step-by-step explanation:

The selling price includes the cost (100% of the cost) plus 5% of the cost.  This means it is 100+5 = 105% of the cost.

105% = 105/100 = 1.05; this means we can use the equation

1.05x = 75.5

Divide both sides by 1.05:

1.05x/1.05 = 75.5/1.05

x = 71.90

Answer Link

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