Question

4. (01.03 MC)

After a 40% markup, a tablet sells for $245.00. What was the original price of the tablet? (1 point)
$61.25
$105.50
$175.00
$343.00

Answer 1

175

Step-by-step explanation:

Given that:

Markup rate, R = 40% = 0.40

Selling price = $245

The formula to find the original price is

`\text{Original price }=\frac{Selli\text{ng price}}{1+R}`

Plug the given values into the formula.

`\begin{gathered} \text{Original price }=(245)/(1+0.40) \\ =(245)/(1.4) \\ =175 \end{gathered}`

Hence, the original price of the tablet is 175 dollars.