A rice cooker was sold for $60 after a discount of 60%. What was the price of the rice cooker?
$24.00
To find the original price of the rice cooker, we need to reverse the 60% discount. Here's how you can calculate it:
Step 1: Calculate the discount amount.
Discount amount = Original price * Discount percentage
In this case:
Discount amount = Original price * 60/100
Step 2: Calculate the sale price after the discount.
Sale price = Original price - Discount amount
In this case:
$60 = Original price - Original price * 60/100
Step 3: Solve for the original price.
$60 = Original price * (1 - 60/100)
$60 = Original price * (40/100)
Simplifying the equation further:
$60 = Original price * 0.4
Now, divide both sides of the equation by 0.4:
$60 / 0.4 = Original price
$150 = Original price
So, the original price of the rice cooker was $150.
60/0.6 = 100
It was $100