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1.2x+20000=70000
Combine x and x\times 0.2 to get 1.2x.
1.2x=70000-20000
Subtract 20000 from both sides.
1.2x=50000
Subtract 20000 from 70000 to get 50000.
x=\frac{50000}{1.2}
Divide both sides by 1.2.
x=\frac{500000}{12}
Expand \frac{50000}{1.2} by multiplying both numerator and the denominator by 10.
x=\frac{125000}{3}
Reduce the fraction \frac{500000}{12} to lowest terms by extracting and canceling out 4.