SOLUTION: 3. A salesman bought a laptop from a manufacturer. The salesman then sold the laptop for $15,600 making a profit of 25%. What amount did the salesman pay the manufacturer for the l

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Question 1190399: 3. A salesman bought a laptop from a manufacturer. The salesman then sold the laptop for $15,600 making a profit of 25%. What amount did the salesman pay the manufacturer for the laptop?
Answer by math_tutor2020(3817) About Me  (Show Source):
You can put this solution on YOUR website!

cost = x
revenue = 1.25x since he made 25% profit
revenue = 15,600

1.25x = 15,600
x = (15,600)/(1.25)
x = 12,480

Answer: $12,480