SOLUTION: The selling price of a bicycle is $168. The profit is 40% of the manufacturer's cost. find the manufacturer's cost of the bicycle.

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Question 717264: The selling price of a bicycle is $168. The profit is 40% of the manufacturer's cost. find the manufacturer's cost of the bicycle.
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +C+ = manufacturer's cost
Let +P+ = profit
Selling price = cost + profit
given:
+P+=+.4C+
+168+=+C+%2B+.4C+
+168+=+C%2A%28+1+%2B+.4+%29+
+1.4C+=+168+
+C+=+168%2F1.4+
+C+=+120+
The manufacturer's cost was $120