what is original price: $119.00; Markup: 70%
$119.00 is 170% of the original price
119 / 1.7 = ?
P+0.7P = 119
P = $70.
To find the original price, you need to add the markup to the sale price.
1. Convert the markup percentage into a decimal by dividing it by 100: 70% / 100 = 0.70.
2. Multiply the sale price by the markup decimal: $119.00 * 0.70 = $83.30.
3. Add the markup amount to the sale price to find the original price: $119.00 + $83.30 = $202.30.
Therefore, the original price is $202.30.
To find the original price before the markup, you need to calculate the amount added to the original price.
To determine the amount of the markup, multiply the original price by the markup rate.
Markup = Original Price * Markup Rate
In this case, the original price is $119.00 and the markup is 70%.
Markup = $119.00 * 0.70 = $83.30
Next, add the markup amount to the original price to find the new total price.
New Total Price = Original Price + Markup
New Total Price = $119.00 + $83.30 = $202.30
Therefore, the original price before the markup was $119.00.