Good evening ,
Answer:
the regular price of the item is $80.
Explanation:
Let p represent the regular price of the item.
p - p×(40/100) = 48 ⇌ p×(1 - 40/100) = 48 ⇌ p×(100/100 - 40/100) = 48
⇌ p×(60/100) = 48 ⇌ p = (480×100)/60 = 48 000/60 = 80.
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