SOLUTION: You are selling a pair of shoes you originally bought for $55. If you want to make at least 20% profit, should you sell the shoes for more or less than $65?

Algebra ->  Coordinate Systems and Linear Equations  -> Linear Equations and Systems Word Problems -> SOLUTION: You are selling a pair of shoes you originally bought for $55. If you want to make at least 20% profit, should you sell the shoes for more or less than $65?      Log On


   

Question 1018769: You are selling a pair of shoes you originally bought for $55. If you want to make at least 20% profit, should you sell the shoes for more or less than $65?
Answer by Theo(13342) About Me  (Show Source):
You can put this solution on YOUR website!
20% of 55 is 11 dollars.
your profit has to be at least 11 dollars.
55 + 11 is 66 dollars.
you have to sell the shows for more than 65 dollars.
in fact, you have to sell the shows for 66 dollars or more.