SOLUTION: Please help me with this math problem. Don't forget to show all the work and please make it simple. Find each item's regular price Selling Price: $55 Markup Rate: 20% T

Algebra ->  Numeric Fractions Calculators, Lesson and Practice -> SOLUTION: Please help me with this math problem. Don't forget to show all the work and please make it simple. Find each item's regular price Selling Price: $55 Markup Rate: 20% T      Log On


   

Question 499825: Please help me with this math problem. Don't forget to show all the work and please make it simple.
Find each item's regular price
Selling Price: $55
Markup Rate: 20%
Thanks!
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let x = regular price
given:
+x+%2B+.2x+=+55+
+1.2x+=+55+
+x+=+45.83+ ( rounded off )