Question

Jim Abbott purchased a $60,000 RV with a 40% markup on selling price what was the amount of the dealers markup what was the dealers original cost

Answer 1

x = original cost (in dollars)


x + 40% of x = final price

x + 0.40x = 60,000

1x + 0.40x = 60,000

1.40x = 60,000

x = ???

Answer 2

I'll let you finish up