Question

4. (01.03 MC)
After a 40% markup, a tablet sells for $245.00. What was the original price of the tablet? (1 point)
$61.25
$105.50
$175.00
$343.00

Answer 1

Answer:

175

Explanation:

Given that:

Markup rate, R = 40% = 0.40

Selling price = $245

The formula to find the original price is

$\text{Original price }=\frac{Selli\text{ng price}}{1+R}$

Plug the given values into the formula.

$\begin{gathered} \text{Original price }=\frac{245}{1+0.40} \\ =\frac{245}{1.4} \\ =175 \end{gathered}$

Hence, the original price of the tablet is 175 dollars.