Question

You lose an online auction for an autograph. your losing bid of $56 is 70% of the winning bid. what was the winning bid?

Answer 1

To calculate this is a simple 1 step equation. The first factor is our amount of cash on bid and the loss of the bid. $56 divided by 70% = winning bid, which would be $80, therefore your answer is that 80 was the winning bid.