SOLUTION: Please help me understand the following question: Sam bought a used pickup truck, paying $2000.00 as a down payment. He still owes 80% of the selling price. What was the selling

Question 615565: Please help me understand the following question:
Sam bought a used pickup truck, paying $2000.00 as a down payment. He still owes 80% of the selling price. What was the selling price of the truck?
Thank you.
Answer by Earlsdon(6294) (Show Source): You can put this solution on YOUR website!
Let x = the selling price of the truck.
Then x-$2,000.00 = 80% of x. You can express this algebraically as:
x-2000 = 0.8x Simplify. Add 2000 to both sides.
x = 2000+0.8x Now subtract 0.8x from both sides.
0.2x = 2000 Finally, divide both sides by 0.2
x = $10,000.00
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