Question

Sue’s Corner Market has a markup of 60% on bottled water. If the market sells a bottle of water for $2, find the original amount that Sue pays.

Answer 1

1.25

Explanation:

Sue’s Corner Market has a markup of 60% on bottled water.So therefore an equation to represent this is original price + markup price = price after markup.Then divide both side by 1.6.(LMK if this help hopefully it does)

Answer 2

1.25

Explanation:

original price + markup = retail

The markup = original * markup percentage

original + original * markup percent= retail

Factor out the original

original( 1+ markup percent) = retail

original ( 1 + 60%) = 2

Change to decimal form

original ( 1+ .60) = 2

original ( 1.60) = 2

Divide each side by 1.6

original = 2/1.6

original =1.25