SOLUTION: Here's my problem: Don't Shout Incorporated earned a profit of $3,200,000 on a new and revolutionary hearing implant. Assume the company sold 10,000 implants, costing $350 each t

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Here's my problem: Don't Shout Incorporated earned a profit of $3,200,000 on a new and revolutionary hearing implant. Assume the company sold 10,000 implants, costing $350 each t      Log On

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Question 1038380: Here's my problem:
Don't Shout Incorporated earned a profit of $3,200,000 on a new and revolutionary hearing implant. Assume the company sold 10,000 implants, costing $350 each to make. At what price did the company sell each implant?
I'm afraid I'm not sure where to start. If I can figure out how to set it up, I think I can get it worked out.
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
10,000x-(10,000*350) = 3,200,000
10,000x-3,500,000 = 3,200,000
10,000x = 6,700,000
x = 670 each is the selling price