218k views
5 votes
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

User John Pang
by
9.7k points

1 Answer

5 votes

Answer:

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.

User Juan Moreno
by
8.7k points
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