Answer:
$168.75
Step-by-step explanation:
if it's narked down by 20% then $135 is 80% of the original price
80 = 135
100 = x
80x = 100×135
x = $168.75
A bike is on sale for $135. The original price of bike is 135
Solution:
Given that bike is on sale for $ 135
The mark down price is 20 %
We need to find the original price of the bike
Hence we can say that,
Selling price of bike = 135
Mark down price = 20%
Original price of bike = ?
The cost price is given as:
[tex]Original price = selling price \times \frac{100}{100 - markup percentage}[/tex]
By substituting the values we get,
[tex]original price = 135 \times \frac{100}{100-20}\\\\= 135 \times \frac{100}{80}\\\\= 168.75[/tex]
Hence the original price of bike is $ 168.75
