Answer:
$200
Step-by-step explanation:
A mark down by 40% means the current price is 100%-40%=60% of rhe original price
If 60% represents $120 then the original price which was 100% should be represented by unknown value x.
Application of cross multiplication concept
If 60%=$120
100%=x
60%x=100%*$120
Making x the subject of the formula
X=100%*$120/60%=$200
Therefore, the original price was $200
