Carousel Toys has Romper Buckaroos, wooden rocking horses for toddlers, on a 30% markdown sale for $72.09. What was the original price before they were marked down?
Round to the nearest cent.
$
so the $72.09 represents 70% of the original price
.7x = 72.09
x = 72.09/.7 = $102.99
check by taking off 30% of that
To find the original price before the markdown, we can use the formula:
Original price = Sale price / (1 - Markdown rate)
In this case, we have the sale price as $72.09 and the markdown rate as 30%.
First, convert the markdown rate to a decimal by dividing it by 100: 30% / 100 = 0.30.
Next, calculate the original price using the formula:
Original price = $72.09 / (1 - 0.30)
Original price = $72.09 / 0.70
Original price = $102.99
Therefore, the original price of the Romper Buckaroos wooden rocking horse before the markdown was $102.99.