Use this equation to solve the problem:
x - (x * .25) = 40
This equation is saying the original price times itself by 25% is 40.
x - (x * .25) = 40
Simplify.
x - .25x = 40
.75x = 40
Divide both sides by .75.
x = 53.33
The original price was $53.33
2 = $1.45
1 = $0.725
anything to ask please pm me
26% is the answer to your question
Answer:
Explanation:
You can convert the percent markup into a multiplicative factor in this way:
Base price: 15,800 . . . (cost to the seller)
Percent mark up: 115% . . . (based on the cost to the seller)
Sale price: 15,800 + 115% of x = 15,800 + 115 × 15,800 /100 =
= 15,800 + 1.15 × 15,800 = 15,800 (2.15) = 33,970
The markup is:
- Markup = price paid by the seller - cost to the seller = 33,970 - 15,800 = 18,170 (notice that this is 115% of 15,800)
And <em>the percent markup based on the sale price is</em>:
- % = (markup / sale price) × 100 = (18,700 / 33,970) × 100 =
= 53.49 %
Rounding to the nearest tenth percent that is 53.5 %.
