Going Back in Time... Finding the Original Price

Front

What is the formula to find the original price before a discount?

Back

Original Price = Sale Price / (1 - Discount Rate)

Front

If an item is on sale for 20% off and costs $2.80, how do you find the original price?

Back

Original Price = $2.80 / (1 - 0.20) = $3.50

Front

What does 'sales tax' mean?

Back

Sales tax is a percentage added to the price of goods and services, collected by the seller.

Front

How do you calculate the price before tax if the total price after tax is known?

Back

Price Before Tax = Total Price / (1 + Tax Rate)

Front

If a laptop costs $687.43 after an 8.75% tax, what was the cost before tax?

Back

Cost Before Tax = $687.43 / (1 + 0.0875) = $632.12

Front

What is a discount?

Back

A discount is a reduction in the price of an item, usually expressed as a percentage.

Front

How do you calculate the original price of an item after a discount?

Back

Original Price = Sale Price / (1 - Discount Percentage)