Question

Mr. Tolin purchased a used car for $2,816, which was 12% off the asking price. What was the asking price of the used car?

Answer 1

Original price= $3,200

Explanation:

Giving the following information:

Purchase price= $2,816

Discount rate= 12% = 0.12

To calculate the original price, we need to use the following formula:

Original price= purchase price / (1 - discount rate)

Original price= 2,816 / 0.88

Original price= $3,200