Question

An ipod sold for $300, which was 200% of the actual cost.whst was the actual cost?

Answer 1

If $300 is 200%, half of that would be 100%. Thus, $150 is the correct answer.

Answer 2

Let's assume

actual cost is x

we are given

An ipod sold for $300, which was 200% of the actual cost

so, it's selling price is 200% of x

`SP=(200)/(100) *x`

`SP=2x`

we have

SP=$300

now, we can set them equal

`300=2x`

now, we can solve for x

`x=150`

so, actual cost is $150...........Answer