Question

An item is sold for £305. If this includes a mark up of 7%. Find the buying in price

Answer 1

Let the original price be 'x'

7/100 * x + x = 305

(7x+100x)/100 = 305

107x = 305 * 100

107x= 30500

x= 30500/107

x= 285.04

Therefore, the original buying price is £ 285.04

Hope you understood......