document.write( "Question 772139: A man made 20% by the cost of selling pocketbook at 7.50. How many pocketbook did he sell? \n" ); document.write( "
Algebra.Com's Answer #470689 by Edwin McCravy(20060)\"\" \"About 
You can put this solution on YOUR website!
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document.write( "That's not enough information. \r\n" );
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document.write( "All we can find from the information given here\r\n" );
document.write( "is the cost of each pocketbook.\r\n" );
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document.write( "Let x = the cost of 1 pocketbook\r\n" );
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document.write( "Then his profit is 20% of x, or 0.2x\r\n" );
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document.write( "So  COST + PROFIT = SELLING PRICE\r\n" );
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document.write( "         x + 0.2x = 7.50\r\n" );
document.write( "             1.2x = 7.50\r\n" );
document.write( "                x = \"7.50%2F1.2\"\r\n" );
document.write( "                x = 6.25\r\n" );
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document.write( "So each pocketbook cost him $6.25 and he sold each pocketbook\r\n" );
document.write( "for $7.50, making a profit of $1.25 on each pocketbook.  And\r\n" );
document.write( "$1.25 is 20% of $6.25.  \r\n" );
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document.write( "So he might have sold only 1 pocketbook or a million pocketbooks.\r\n" );
document.write( "His profit would be 20% regardless of how many pocketbooks he sold.  \r\n" );
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document.write( "If you'll type the ENTIRE problem, including ALL the information\r\n" );
document.write( "in the thank-you note form, I will help you.\r\n" );
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document.write( "Edwin

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