Question

A bike is on sale for $135. It has been marked down 20%. What was the original price of the bike?

Answer 1

A bike is on sale for $135. The original price of bike is 135

Solution:

Given that bike is on sale for $ 135

The mark down price is 20 %

We need to find the original price of the bike

Hence we can say that,

Selling price of bike = 135

Mark down price = 20%

Original price of bike = ?

The cost price is given as:

`Original price = selling price * (100)/(100 - markup percentage)`

By substituting the values we get,

`original price = 135 * (100)/(100-20)\\\\= 135 * (100)/(80)\\\\= 168.75`

Hence the original price of bike is $ 168.75

Answer 2

$168.75

Explanation:

if it's narked down by 20% then $135 is 80% of the original price

80 = 135

100 = x

80x = 100×135

x = $168.75