if a store marks up the prive of an item by 45% and sells it to customers for $58, what was the original price the store paid for the item

Question

Mathematics

Matthew

17 September, 22:43

if a store marks up the prive of an item by 45% and sells it to customers for $58, what was the original price the store paid for the item

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Gregory Peck · Answer 1

If a store adds 45% to 100% of the original price it will be 145% of the original price, which is $58

145% = $58.00

145 = 5 * 29

Dividing both ends by 29:

5% = $2

1% = $0.40

And multiplying both ends by 100:

100% = $40

The original price the store paid for the item was $40.