Working Backwards - Finding Original Price - Homework

Front

What is the formula to find the original price before tax?

Back

Original Price = Final Price / (1 + Tax Rate)

Front

If a meal costs $51.94 after a 7.5% tax, what is the original price?

Back

$48.32

Front

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

Back

Original Price = Selling Price / (1 + Markup Rate)

Front

If a soda costs $1.25 after a 20% markup, what is the wholesale price?

Back

$1.04

Front

What does a discount mean in pricing?

Back

A discount is a reduction in the original price of an item.

Front

If a shirt is sold for $15 after a 20% discount, how do you find the original price?

Back

Original Price = Sale Price / (1 - Discount Rate) = $18.75

Front

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

Back

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