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Ram is a successful bitcoin investor. He recently sold one bitcoin for $18,000. He made a profit of 400%. At what price did Ram buy the bitcoin? - SOMEBODY PLEASE HELP ME.​

Ram is a successful bitcoin investor. He recently sold one bitcoin for $18,000. He made a profit of 400%. At what price did Ram buy the bitcoin? - SOMEBODY PLEASE HELP ME.​
asked 42.1k views
4 votes
Ram is a successful bitcoin investor. He recently sold one bitcoin for $18,000. He made a profit of 400%. At what price did Ram buy the bitcoin?

- SOMEBODY PLEASE HELP ME.​

asked
User Paco Zarate
by
8.4k points

1 Answer

5 votes
18,000=x+400% of x
18,000=5x
⇒x=3600
answered
User Philoxopher
by
8.9k points
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