SOLUTION: If something was purchased at $X, and sold for $28, making X profit, what was the cost of that something? Not certain, but does it have something to do with X^2?

Algebra ->  Finance -> SOLUTION: If something was purchased at $X, and sold for $28, making X profit, what was the cost of that something? Not certain, but does it have something to do with X^2?       Log On


   

Question 1043574: If something was purchased at $X, and sold for $28, making X profit, what was the cost of that something?
Not certain, but does it have something to do with X^2?
Answer by josgarithmetic(39617) About Me  (Show Source):
You can put this solution on YOUR website!
revenue minus cost is profit.
R-C=P

Your description says, system%28C=X%2CR=28%2CP=X%29 and question is about finding cost.

28-X=X, and you are looking for solution of X, which was described as C, the cost. Once understood, SOLVE FOR X.