document.write( "Question 1043579: If something was purchased at $X, and sold for $28, making X% profit, what was the cost of that something?
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document.write( "Not certain, but does it have something to do with X^2? \n" );
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Algebra.Com's Answer #658718 by Theo(13342)![]() ![]() You can put this solution on YOUR website! the cost was x dollars. \n" ); document.write( "the item was sold for 28 dollars. \n" ); document.write( "the profit was x%.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "profit = revenue minus cost.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "therefore profit = 28 - x.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "this profit equals x % of the cost.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x % of the cost is equal to x / 100 * the cost.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "since the cost is x, then x % of x is equal to x / 100 * x which is equal to x^2 / 100.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "this means that the profit is equal to x^2 / 100.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "since the profit is also equal to 28 - x, you get:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x^2 / 100 = 28 - x\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "multiply both sides of this equation by 100 to get:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x^2 = 2800 - 100 * x\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "add 100 * x and subtract 2800 from both sides of this equation to get:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x^2 + 100 * x - 2800 = 0\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "use the quadratic formula to solve for x.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "you get:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x = -122.80109889 or x = 22.80109889\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "since x represents the cost, and since the cost can't be negative, you are left with:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x = 22.80109889\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "that's your cost.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "x % would be equal to 22.80109889 %\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "profit = revenue - cost.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "profit = 28 - 22.80109889 = 5.198901107\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "percent profit = 5.198901107 / 22.80109889 = .2280109889 * 100 = 22.80109889 %.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "your solution is that x = 22.80109889 and x % = 22.80109889 %.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "you are correct.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "the solution does have something to do with x^2.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |