SOLUTION: Profit Jalisha invested some money and made an 8% profit. The current value of her investment is $1,308. How much did she invest initially? Can you help me with this problem.

Question 119058This question is from textbook Prentice Hall Pre-Algebra California Edition
: Profit Jalisha invested some money and made an 8% profit. The current value of her investment is $1,308. How much did she invest initially?
Can you help me with this problem. The equation that I came up with is:
m x 82% = $1,308
m x 82/100 = 1,308/1
82m = 130,800
m = $1,595.12
Please help
This question is from textbook Prentice Hall Pre-Algebra California Edition

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Profit Jalisha invested some money and made an 8% profit. The current value of her investment is $1,308. How much did she invest initially?
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Let the initial investment be "x" dollars.
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EQUATION:
x + 0.08x = 1308
1.08x = 1308
x = $1,211.11
============
Cheers,
Stan H.

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