SOLUTION: how do I set up and solve this problem we purchased 60 units and gave away three and sold the rest at twice their purchase price. The total profit eas $1188 how much did we sel

If you need immediate math help from PAID TUTORS right now, click here. (paid link)
Click here to see ALL problems on Linear Equations And Systems Word Problems

Question 233146: how do I set up and solve this problem
we purchased 60 units and gave away three and sold the rest at twice their purchase price. The total profit eas $1188 how much did we sell them for?
Answer by ankor@dixie-net.com(12706) (Show Source):
You can put this solution on YOUR website!
we purchased 60 units and gave away three and sold the rest at twice their purchase price. The total profit was $1188 how much did we sell them for?
;
Let x = purchase price
then
2x = selling price
:
Revenue - cost = profit
2x(60-3) - 60x = 1188
:
2x(57) - 60x = 1188
:
114x - 60x = 1188
54x = 1188
x = 1188/54
x = $22 the purchase price
then
$44 price they sold them for
:
:
Check this:
44(57) - 22(60) =
2508 - 1320 = 1188