SOLUTION: Tom spent $1050 for a camcorder and some special tapes. The camcorder cost $975 more than the tapes. What percent of the total cost did Tom spend for the camcorder. a)94.90% b

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: Tom spent $1050 for a camcorder and some special tapes. The camcorder cost $975 more than the tapes. What percent of the total cost did Tom spend for the camcorder. a)94.90% b      Log On


   

Question 886130: Tom spent $1050 for a camcorder and some special tapes. The camcorder cost $975 more than the tapes. What percent of the total cost did Tom spend for the camcorder.
a)94.90%
b)95.85%
c)96.03%
d)96.23%
e)96.43%
Answer by JulietG(1812) About Me  (Show Source):
You can put this solution on YOUR website!
1050 = x + (x+975)
1050 = 2x + 975
Subtract 975 from each side
75 = 2x
37.50 = x, the cost of the tapes
27.50 + 975 = 1012.50, the cost of the camcorder
1012.50 / 1050 = 96.43%