document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1172980>Question 1172980</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A merchant is selling a new line of watches. He prices the watches at $120 and runs a 10% off sale. During the sale, he made a profit of 20% on the watches . How much did the merchant pay for each watch ? </SPAN>\n" );
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document.write( "(1) His base price is $120; 10% off of that makes 90% of $120.  The sale price is x  = 0.90($120). Calculate that sale price, x.<br><BR>\n" );
document.write( "(2) That sale price is 20% over what he paid for each watch; i.e., it is 120% of what he paid, or 1.20 times what he paid.  Let y be what he paid for each watch; then<br><BR>\n" );
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document.write( "Solve for y using the value of x from step (1).<br><BR>\n" );
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