The sales price of a car is $12,590, which is 20% off the original price. What is the original?
1 Answer
May 7, 2016
The original price is $15737.50.
Explanation:
Another way to think about this is that $12590 is 80% of the original price.
The original was 100%, but this price is 20% off so
The way I like to think is that since I know 12590 is 80%, I can find how much 1% is by dividing 12590 by 80.
So 1% of the original price is 157.375. Now we can find what 100% of the original price was by multiplying it by 100.
And since it is a monetary value, we add an extra 0 at the end to make it 2 decimal places. So the original price was $15737.50.
