SOLUTION: the selling price of a television set is 360. the profit is %20 of the cost. find the cost of the television set

Question 217994: the selling price of a television set is 360. the profit is %20 of the cost. find the cost of the television set
Found 2 solutions by stanbon, rfer:
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
the selling price of a television set is 360. the profit is %20 of the cost. find the cost of the television set
------------------------
selling price = cost + (20%)(cost
360 = 1.20*cost
cost = 360/1.20 = $300
==========================
Cheers,
Stan H.
Answer by rfer(16322) (Show Source): You can put this solution on YOUR website!
360/(6/5)
360/1*5/6=1800/6=$300

RELATED QUESTIONS
the selling price of a television of a television set is $125 more than twice the cost.... (answered by nyc_function)
Appliance Store realizes a mark-up of PhP3,450 in selling TV sets. If its items are sold... (answered by Theo)
appliance store realizes a mark-up of php 3450 in selling tv sets if it's items are sold... (answered by CPhill)
The price of a new TV set after adding on a 6% tax is $583. Find the cost of the tv set... (answered by Alan3354)
The $500 selling price of a television is $170 less than 3 times the cost A).find... (answered by edjones)
The ratio of the cost of a television set to the cost of a microwave is 5:3. the... (answered by josgarithmetic,MathTherapy)
Television sets: What does it mean to refer to a 20 in. TV set or a 25 in. TV set? A 15 (answered by checkley71)
A new television set was $545.00 including tax. If the tax rate is 9% find the price of... (answered by fractalier)
The selling price of a tv is $675.40. If the markup is 10% of the dealers cost, what is... (answered by rfer)