Question

John has been shopping for a computer monitor for gaming. He sees that one he has been

eying for the last month is now marked down by 30%. The markdown/savings shown on
the ad is $237.00. What was the Regular Price of the item before this markdown?

Answer 1

$341.43.

Explanation:

Formula:

Original Price = Markdown ÷ [1 - (Discount Percentage ÷ 100)]

(The mardown would be $237.00 and the discount percentage would be 30%)

Modified Formula (to match out equation:

Regular Price = 237.00 ÷ [1 - (30 ÷ 100)]

= 237 ÷ 0.7

= $341.43

Answer 2

To find the regular price of the item before the markdown, we can use the following formula:

Regular Price = Markdown / (1 - (Discount Percentage / 100))

Here, the discount percentage is 30%, and the markdown is $237.00.

Regular Price = 237 / (1 - (30 / 100))

Regular Price = 237 / 0.7

Regular Price = $341.43

So the regular price of the item before the markdown was $341.43.