helpppp i dont understand this ?
John paid 420$ for a new mountain bicycle to sell in his shop. He wants to price it so that he can offer a 30% discount but still make 20% of the price he paid for it. At what price should the bike be marked?
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So he wants to get $420(1.20) = $504,
but he wants this to be only 70% of the official marked price,
so the official marked price must be $720.
20% of $420 = 420 • 0.2 = 84; plus 420 = $504.
x - 0.30x = 504
0.7x = 504
x = 504 ÷ 0.7 = $720
Gads...$ 720.........0.7(420 + W) = 1.2 (420)...W = increase from cost for an $84 profit