Question

After receiving a discount of 7.5% on its bulk order of typewriter ribbons, John's Office Supply pays $4995. What was the price of the order before the discount? Round to the nearest dollar is necessary.

Answer 1

Original price = discount ÷ (100 - %)

4,995 ÷ (100 - 7.5)

4,995 ÷ 0.925 = $5,400

Check our work:

Discount = original price × discount rate - product

5,400 × 0.075 = 405

5,400 - 405 = 4,995

The price before the discount was $5,400.