Solution of the equation: 
Step-by-step explanation:
The equation that we have to solve in this problem is:

The first step to do is to rewrite the mixed fractions as improper fractions. We have:

And

So the equation becomes

Now we multiply by 4 each term on both sides, and we get

Now we subtract 29 from both sides,

And finally, we divide both sides by 4:

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Answer:
$162 to make a 35% profit
Step-by-step explanation:
35% of 120 is 42. Add the 42 to 120.
Y = -1/4x + c
5 = -1/4 x 4 + c
5 = -1 + c
c = 6
y = -1/4 + 6