Question

A trader sold a toaster oven for $10,000 and lost 15% of what he paid for it. How much did he pay for the toaster?​

Answer 1

Answer:Let x be the price the trader paid for the toaster.

If he sold it for $10,000 and lost 15% of the original price, then he received 85% of the original price:

0.85x = $10,000

If we divide both sides by 0.85, we get:

x = $11,764.71

Therefore, the trader paid $11,764.71 for the toaster.

Explanation: