Answer:
Original price of bicycle = $864
Step-by-step explanation:
Given:
Rate of tax = 20%
Price pay by Mathew = $1,080
Find:
Original price of bicycle
Computation:
Original price of bicycle = Price pay by Mathew[1 / (1-20%)]
Original price of bicycle = 1,080[1 / (1-20%)]
Original price of bicycle = 1,080[1 / (1-0.2)]
Original price of bicycle = 1,080[1 / (0.8)]
Original price of bicycle = 1,080[1.25]
Original price of bicycle = 1,080[1.25]
Original price of bicycle = $864
