Need help solving for x:
500,000/x = 30%/70%
500,000/x = 30%/70%
Cross multiply and solve for x.
30%x = 350,000
x = 350,000/0.3
x = 1,166,666.7
To solve for x in the given equation:
500,000/x = 30%/70%
We can start by converting the percentages into decimals. Divide the given percentages by 100:
30% = 0.30 (decimal form)
70% = 0.70 (decimal form)
Now, we can rewrite the equation:
500,000/x = 0.30/0.70
To eliminate the denominators, we can cross-multiply:
0.30 * x = 500,000 * 0.70
Now, we can simplify and solve for x. Multiply the values on each side:
0.30x = 350,000
To isolate x, divide both sides of the equation by 0.30:
x = 350,000 / 0.30
Calculating the division:
x ≈ 1,166,667
Hence, approximately x = 1,166,667.