Question

PLEASE HELP A student at a university makes money by buying and selling used cars. Charles bought a used car and later sold it for a 20​% profit. If he sold it for ​$4560​, how much did Charles pay for the​ car? Charles paid ​$ ? for the car.

Answer 1

Answer: Charles bought a used car and later sold it for a 20% profit. If he sold it for $4680, how much did Charles pay for the car?

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Let the price he paid equal "x".

EQUATION:

x + 0.20x = 4680

1.2x = 4680

x = $3900 (price he paid for the car.