SOLUTION: a mark up rate of 20% is used on a sweater with a selling price of 2=$24. find the cost of the sweater

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Question 250184: a mark up rate of 20% is used on a sweater with a selling price of 2=$24. find the cost of the sweater
Answer by checkley77(12844) About Me  (Show Source):
You can put this solution on YOUR website!
2x=24
x=24/2=$12 price of one sweater.
z+.20z=12
1.2z=12
z=12/1.2
z=$10 is the original price before the 20% mark up.