Question

After being marked up 40%, the sale price of a tennis racket is $87.50 What was the original price of the tennis racket?

Answer 1

$62.50

Explanation:

After mark up, price is

100 + 40 = 140% of cost

140/100 × Cost = 87.50

Cost = 87.50 × 100/140

Cost = $62.50

Answer 2

$62.50

Explanation:

The original price is x

It is marked up 40 percent

x+.40x = new price

1.40x = new price

The new price is 87.50

1.40x = 87.50

Divide each side by 1.40

1.40x/1.40 = 87.50/1.40

x =62.50

The price before mark up is 62.50