Question

if a store marks up the prive of an item by 45% and sells it to customers for $58, what was the original price the store paid for the item

Answer 1

140

Explanation:

145/100=58/x

we are using 145 percent because they marked up by 45% and the original price was 100% so 100+45=145

then cross multiply (means and extremes)

100x58 = 5,800

145x=5,800

solve for x meaning divide both sides by 145

x=40

the other answer was confusing for me so I added this, hopefully it helped

Answer 2

If a store adds 45% to 100% of the original price it will be 145% of the original price, which is $58

145% = $58.00

145 = 5 * 29

Dividing both ends by 29:

5% = $2

1% = $0.40

And multiplying both ends by 100:

100% = $40

The original price the store paid for the item was $40.