SOLUTION: A trader made a profit of 34 1/2% on merchandise that he sold for $10000. calculate the original total price of the goods

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Question 1096220: A trader made a profit of 34 1/2% on merchandise that he sold for $10000. calculate the original total price of the goods
Answer by ankor@dixie-net.com(22740) About Me  (Show Source):
You can put this solution on YOUR website!
A trader made a profit of 34 1/2% on merchandise that he sold for $10000. calculate the original total price of the goods
:
let p = the original price
The decimal equiv of per cent
p + .345p = 10000
1.345p = 10000
p = 10000/1.345
p = $7,434.94