Question

Hi, this isn't a homework question but I just have summer brain and I need to get better at math.

You are selling a motorcycle and need to set the price. Your friend gets a 30% cut of the price you sell it as. What price does it need to be in order for YOU to make $1000?

How would you go on about solving this? Is there an equation? Thank you so much!

Answer 1

$1,428.57

Explanation:

Let x = the selling price

x - .3x = 1000 (if we take the selling price and subtract the 30% cut, we would be left with 1000

.7x = 1000 Divide both sides by .7

x = 1428.571429 Round to the nearest penny

x = 1428.57

30% of that is 428.571 rounded to 428.57

Check:

428.57 + 1000 = 1428.57