selling price if down payment of 6000 represents 8%
To find the selling price, we need to determine the total price of the item, given that the down payment of $6000 represents 8% of the selling price.
Let's represent the selling price as 'x'.
The down payment of $6000 is 8% of the selling price:
6000 = 0.08x
To find the selling price 'x', we need to divide both sides of the equation by 0.08:
x = 6000 / 0.08
Calculating this, we find:
x = 75000
Therefore, the selling price is $75000.
To find the selling price, we can use the formula for calculating the percentage:
Percentage = (Amount / Total) * 100
We are given that the down payment of $6000 represents 8% of the selling price. Let's assume the selling price is represented by "x."
So, we can write the equation as:
6000 = (8/100) * x
To solve for x, we need to isolate it on one side of the equation.
Dividing both sides of the equation by (8/100) gives:
6000 / (8/100) = x
Multiplying 6000 by (100/8) gives:
75000 = x
Therefore, the selling price is $75,000.
To find the selling price based on a down payment and percentage, you can follow these steps:
Step 1: Convert the percentage to a decimal by dividing it by 100.
In this case, 8% is equivalent to 8/100 = 0.08.
Step 2: Divide the down payment by the decimal representation of the percentage.
In this case, the down payment is $6000, so you divide it by 0.08:
$6000 / 0.08 = $75,000
So, the selling price would be $75,000.