Question

Nike marks up the original cost of all of the shoes they sell by 30%. Andre wants to buy a pair of shoes that has a price tag of $117. What was the original cost of these shoes before the 30% markup?

Answer 1

$90

Explanation:

The shoes now cost 130% of the original cost

The original cost is 100%

Take the new amount and divide it by 130:

117/130 = .90

Then multiply that number by 100 to get the original percent

.90 x 100 = $90

To check, multiply $90 by 130% or 1.30 to make sure that a 30% increase makes the product $117

$90 x 1.30 = $117