Answer:
x =
Step-by-step explanation:
Given
x - =
Multiply through by 10 ( the LCM of 5 and 10 ) to clear the fractions
8x - 1 = 3 ( add 1 to both sides )
8x = 4 ( divide both sides by 8 )
x = =
We are given the current market price that is <span>$1,200 and we are asked in the problem to compute the target cost if one wishes to gain a 30% profit. In this case, we have to minimize the cost to achieve the profit desired. Then,
1.3 y = 1200
where y is the target cost
y = $923.08
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