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x-120500=0.02x
Variable x cannot be equal to 0 since division by zero is not defined. Multiply both sides of the equation by x.
x-120500-0.02x=0
Subtract 0.02x from both sides.
0.98x-120500=0
Combine x and -0.02x to get 0.98x.
0.98x=120500
Add 120500 to both sides. Anything plus zero gives itself.
x=\frac{120500}{0.98}
Divide both sides by 0.98.
x=\frac{12050000}{98}
Expand \frac{120500}{0.98} by multiplying both numerator and the denominator by 100.
x=\frac{6025000}{49}
Reduce the fraction \frac{12050000}{98} to lowest terms by extracting and canceling out 2.