SOLUTION: A merchant increases the wholesale cost of a Maytag washing machine by 10% to determine the selling price. If the washer sells for $474.10, find the wholesale cost.

Algebra ->  Coordinate Systems and Linear Equations -> SOLUTION: A merchant increases the wholesale cost of a Maytag washing machine by 10% to determine the selling price. If the washer sells for $474.10, find the wholesale cost.      Log On


   

Question 1117545: A merchant increases the wholesale cost of a Maytag washing machine by 10% to determine the selling price. If the washer sells for $474.10, find the wholesale cost.
Answer by greenestamps(13200) About Me  (Show Source):
You can put this solution on YOUR website!


Selling price = wholesale cost plus 10% of wholesale cost
Selling price = x + .10(x)
Selling price = 1.10(x)

The selling price is $474.10, so

1.10x+=+474.10
x+=+474.10%2F1.10+=+431

The wholesale cost was $431.