Final answer:
The original price of the suit is $300.00.
Step-by-step explanation:
To find the original price of the suit, we need to reverse the 20% discount.
Let's represent the original price as 'x'.
Since the employee discount is 20%, we can write the equation:
(100% - 20%) * x = $240.00.
Simplifying this equation, we have 80% * x = $240.00.
To solve for x, we divide both sides of the equation by 80% (which is the same as multiplying by 1/0.8).
So, x = $240.00 / 0.8
= $300.00.
Therefore, the original price of the suit is $300.00.