If an item was purchased at $112.00 dollars after a 20% discount what was the original price of the item. I know the answer is 140.00 but I to know the formula that is used to get that answer.
Thanks
The $112 you are paying represents 80% of the original price, since 20% was taken off.
So DIVIDE 112 by .8 to get your 140
To find the original price of an item after a discount, you can use the following formula:
Original Price = Discounted Price / (1 - Discount Rate)
In this case, the discounted price is $112 and the discount rate is 20%, or 0.20. So the formula would look like:
Original Price = $112 / (1 - 0.20)
Simplifying it:
Original Price = $112 / 0.80
Calculating this:
Original Price = $140.00
Therefore, the original price of the item was $140.00.