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
\n" ); document.write( "\n" ); document.write( "The answer that my book has, I am not getting.\r
\n" ); document.write( "\n" ); document.write( "I tried doing a proportion\r
\n" ); document.write( "\n" ); document.write( "\"x%2F10.97=8%2F100\" Yet, that is not the answer
\n" ); 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.
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Algebra.Com's Answer #3935 by prince_abubu(198)\"\" \"About 
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
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\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 \"+P+%2B+0.8P+=+10.97+\". Combine the like terms, then you'll get \"+1.08P+=+10.97+\". When you solve for P, you should get the original (manufacturing) price of about $10.16.
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