Based on the information the cost of the product is $40,000.
Given:
Percentage earn=5% or 0.05
Amount earned=$2,000
Let x represent the cost of the product
Hence:
Formulate
.05x = $2000
Divide both sides by .05
x=$2,000/.05
x=$40,000
Inconclusion the cost of the product is $40,000.
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Step-by-step explanation:
y = 2x
if x = 1 y = 2(1) = 2
if x = 2 y = 2(2) =4