1983 AHSME Problems/Problem 7
Revision as of 17:34, 26 January 2019 by Sevenoptimus (talk | contribs) (Slightly cleaned up the solution)
Problem
Alice sells an item at less than the list price and receives of her selling price as her commission. Bob sells the same item at less than the list price and receives of his selling price as his commission. If they both get the same commission, then the list price is
Solution
If is the list price, then . Solving this equation gives , so the answer is .