Mr. Tolin purchased a used car for $2,816, which was 12% off the asking price. What was the asking price of the used car?
1 answer:
Answer:
Original price= $3,200
Step-by-step explanation:
Giving the following information:
Purchase price= $2,816
Discount rate= 12% = 0.12
<u>To calculate the original price, we need to use the following formula:</u>
Original price= purchase price / (1 - discount rate)
Original price= 2,816 / 0.88
Original price= $3,200
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