SOLUTION: If I sold an apple for $2450, and I made a profit of 12%. Find the cost of that apple.

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Question 1091228: If I sold an apple for $2450, and I made a profit of 12%. Find the cost of that apple.
Found 2 solutions by josmiceli, jorel1380:
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +c+ = the cost of the apple
given:
+c+%2B+.12c+=+2450+
+1.12c+=+2450+
+c+=+2187.5+
The cost of the apple is $2,187.50
( the last apple on the planet, gold plated and locked in a safe )

Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
If the apple sold for $2450, then:
1.12c=2450, where c is the cost. Then:
c=2450/1.12
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