The final price (what it is selling for) is $796.40
The markup is 10% of the original price (the dealer's cost) , meaning that it is 10% more.
We need to find the original price.
We write this as an equation
The original price *110% = final price
This is because the original price is itself (100%) added with 10%
Plug in the known final price
Original Price * 110% = 796.40
Convert 110% to a decimal because the other numbers- such as the final price are also decimal numbers.
Convert 110% to a decimal by moving the decimal point up 2 spaces ( basically dividing it by 100)
110% = 1.1
So it is now
Original price *1.1 = 796.40
Divide both sides by 1.1 to isolate our unknown, the original price
Original price = $724
