SOLUTION: a store marks up a television by 29% for a profit and sells it for $387 . How much did the television cost the store ?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: a store marks up a television by 29% for a profit and sells it for $387 . How much did the television cost the store ?      Log On


   

Question 413038: a store marks up a television by 29% for a profit and sells it for $387 . How much did the television cost the store ?
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!


Hi

Let x represent the wholesale cost

Question states***

 x + .29x = 387

Solving for x

 x = 387/(1.29)

 x = $300



CHECKING our Answer***

 300 + .29*300 = 287