John Jones just paid $3,202.50 for a lawn mower/tractor. If the percent markup based on cost is 83%, what was the cost?

Algebra: Structure And Method, Book 1
(REV)00th Edition
ISBN:9780395977224
Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole
Chapter7: Applying Fractions
Section7.6: Percents Problems
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  1. John Jones just paid $3,202.50 for a lawn mower/tractor. If the percent markup based on cost is 83%, what was the cost? 
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