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Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447

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BuyFindarrow_forward

Contemporary Mathematics for Busin...

8th Edition
Robert Brechner + 1 other
ISBN: 9781305585447
Textbook Problem

Solve the following word problems, rounding dollars to the nearest cent and percents to the nearest tenth of a percent.

Lawn and Garden Galleria is having a 20% off sale on riding lawn mowers. The XL Deluxe model is on sale for $4.815. What was the original price of the mower?

To determine

To calculate: The original selling price of the mower if the markdown percent is 20% and the sale price is $4,815.

Explanation

Given Information:

The markdown percent is 20% and sale price of the mower is $4,815.

Formula used:

The original selling price can be calculated using the following equation:

Original Selling Price=Sale Price100%Markdown percent

Calculation:

Consider the provided data,

The markdown percent is 20% and sale price of the mower is $4,815.

So, Markdown percent=20% and Sale Price=$4,815.

The original selling price of the mower is,

Original Selling Price=Sale Price100%Markdown percent

Substitute Markdown percen

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