SOLUTION: The manager of a clothing store uses a markup rate of 45% on all items. The selling price of the chair is $232. Find how much the manager paid for the chair.

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Question 441300: The manager of a clothing store uses a markup rate of 45% on all items. The selling price of the chair is $232. Find how much the manager paid for the chair.
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let x = manager's cost
given:
+x+%2B+.45x+=+232+
----------------
+1.45x+=+232+
x+=+160+
The manager paid $160