document.write( "Question 7139: The Ajax Company can sell gidgets for $10.97 a piece. What does it cost the company to manufacture each gidget if it makes a profit of 8%. \r
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document.write( "The answer that my book has, I am not getting.\r
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document.write( "I tried doing a proportion\r
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document.write( " Yet, that is not the answer
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document.write( "I multiplied $10.97 x 8% and I still subtract that from $10.97 and I did not get the answer. Please help me. I am frustrated. \n" );
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Algebra.Com's Answer #3935 by prince_abubu(198)![]() ![]() ![]() You can put this solution on YOUR website! Alright. I take it that the price of the widget ($10.97) ALREADY includes the 8% profit. The cost to manufacture widget, then, is some price lower than the $10.97.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "So, you don't know what the \"original\" price is, so let's call it p. You know that they jacked up whatever p is by 8% to get to $10.97. The resulting equation would then be |