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A purse sells for $325. What was the original price of the purse if it is being sold at a 1625% markup?

Sagot :

You have that the price of a purse is $325 with a 16.25% markup.

In order to determine what was the original price of the purse, you consider that the original price minus 16.25% of the unknown original price x is equal to 325.

Consider that the 16.25% of a quantity is simply the multiplication of (16.25/100) for such a quanity.

Then, you have:

x - (16.25/100)x = 325 "original price minus 16.25% of the original price"

calculate the quotient left side:

x - 0.1625x = 325

simplify like terms left side:

0.8375x = 325

divide by 0.8375 both sides:

x = 325/0.8375

x = 388.05

Hence, the original price of the purse was $388.05

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