SOLUTION: A store marks up 20% for profit on a television and sells it for $240. Hours much did the television cost the store?

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Question 804806: A store marks up 20% for profit on a television and sells it for $240. Hours much did the television cost the store?
Answer by stanbon(75887) About Me  (Show Source):
You can put this solution on YOUR website!
A store marks up 20% for profit on a television and sells it for $240. Hours much did the television cost the store?
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Let "x" be the cst to the store.
Equation:
x + 0.20x = 240
1.2x = 240
x = $200
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Cheers,
Stan H.
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