solve the problem by writing an equation and solving for the unknown. smart co sells deluxe widgets for $60…

solve the problem by writing an equation and solving for the unknown. smart co sells deluxe widgets for $60 each, which includes the cost of manufacture plus a 20% markup. what does it cost smart co to manufacture each widget? a $48 b $72 c $75 d $50

solve the problem by writing an equation and solving for the unknown. smart co sells deluxe widgets for $60 each, which includes the cost of manufacture plus a 20% markup. what does it cost smart co to manufacture each widget? a $48 b $72 c $75 d $50

Answer

Explanation:

Step1: Let cost price be $x$.

The selling - price is cost price plus 20% of cost price. So, the selling - price equation is $60=x + 0.2x$.

Step2: Combine like terms.

$60=(1 + 0.2)x=1.2x$.

Step3: Solve for $x$.

$x=\frac{60}{1.2}=50$.

Answer:

D. $50