SOLUTION: 21. A student at the university of New Orleans makes money by buying and selling used cars. Charles bought a used car and later sold it for a 20% profit. If he sold it for $4680,

Question 107646This question is from textbook beggining algebra
: 21. A student at the university of New Orleans makes money by buying and selling used cars. Charles bought a used car and later sold it for a 20% profit. If he sold it for $4680, how much did Charles pay for the car?
This question is from textbook beggining algebra

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
Charles bought a used car and later sold it for a 20% profit. If he sold it for $4680, how much did Charles pay for the car?
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Let the price he paid equal "x".
EQUATION:
x + 0.20x = 4680
1.2x = 4680
x = $3900 (price he paid for the car.
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Cheers,
Stan H.

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