Question

during the sale, the price of the bicycle was marked down 24 percent. The sale price of the bike was $364. What was the original price of the bike

Answer 1

If the price is marked down 24%, that means it is 100-24 = 76% of the original. So we know that $364 is 76% of the original price. x * 0.76 = 364, x = 364/0.76 = $478.95. Make sense?