SOLUTION: Alex sold an article to James to gain 20%. There after James sold the same article to Michael to gain 25%. If the sales to Michael yielded $67.50, find what it cost Alex to purc

Question 1071079: Alex sold an article to James to gain 20%. There after James sold the same article to Michael to gain 25%. If the sales to Michael yielded $67.50, find what it cost Alex to purchase the article. ( thanks in advance)
Answer by ankor@dixie-net.com(22740) (Show Source): You can put this solution on YOUR website!
Alex sold an article to James to gain 20%.
There after James sold the same article to Michael to gain 25%.
If the sales to Michael yielded $67.50,
find what it cost Alex to purchase the article.
:
let x = original purchase price
:
1.25(1.2x) = 67.50
1.5x = 6750
x = 67.50/1.5
x = $45
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