Wht the word problem answer?

Question

matthew made a bookcase,the cost of making the bookcase was $647.50.after the book case is sold, the shopkeeper recieves 15% of the selling price, Matthew make profit of $160 , calculate the selling price of the book case.

Answer 1

So profit = revenue - expenses.  

 

We know his profit was 160.00.  We do not know the revenue that this book case generated and this is what we are trying to find.  

 

160=X-647-.15X.  

 

this comes out to

 

 

160=-647+.85X

 

take the 647 over by adding it to both sides and you get 807.  Then divide 807 by .85 to solve for X which is the cost.  and you get 949.41.