SOLUTION: A cow cost $244. At what price must I sell it to gain 12.5%?

Question 815410: A cow cost $244. At what price must I sell it to gain 12.5%?

Answer by jim_thompson5910(35256) (Show Source): You can put this solution on YOUR website!
Let x = final price

12.5% of $244 is 0.125*244 = 30.5 dollars

So you must make $30.50 in profit

Profit = (Final Cost) - (Original Cost)

30.50 = x - 244

30.50 + 244 = x

274.50 = x

x = 274.50

So the final price must be $274.50