If you sell a certain commodity at a fixed price, you can make a profit of 40 yuan for each commodity. If you sell it at a 20% reduction, you will lose 20 yuan for each commodity. What is the purchase price of this commodity emergency

If you sell a certain commodity at a fixed price, you can make a profit of 40 yuan for each commodity. If you sell it at a 20% reduction, you will lose 20 yuan for each commodity. What is the purchase price of this commodity emergency

The price of this product is x per unit
x-40=(1-0.2)x+20
0.2x=60
x=300
300-40=260