Final answer:
The original price of the Michael Kors bag, which is on sale for $258.40 after a 62% discount, can be found by dividing the sale price by 0.38. After calculation, the original price was $680.00.
Step-by-step explanation:
To find the original price of a Michael Kors bag that is on sale for $258.40 with a 62% discount, you need to understand that the sale price represents 38% of the original price (since 100% - 62% = 38%). We can use the following equation to calculate the original price:
Original Price = Sale Price / (1 - Discount Percentage)
In this case:
Original Price = $258.40 / 0.38
After performing the division, we find that the original price of the bag was:
Original Price = $680.00
Therefore, the original price of the Michael Kors bag was $680.00.