Peter bought some bicycles for 4,000 he sold them for 6,200 making $50 on each of the bicycles how many bicycles were there
2 answers:
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Answer:
The original selling price would be $ 515.87 ( approx )
Step-by-step explanation:
Let x be the original selling price ( in dollars ),
After marking down 10%,
New selling price = x - 10% of x = x - 0.1x = 0.9x
Again after marking down 30%,
Final selling price = 0.9x - 30% of 0.9x
= 0.9x - 0.3 × 0.9x
= 0.9x - 0.27x
= 0.63x
According to the question,
0.63x = 325
Hence, the original selling price would be $ 515.87.