if parts are marked up 20% before they are sold and the selling price for a seat cover is $54 what was the original sale price.
Do I take $54 * 20% then subtract from $54 or??
So this means that the original price had 20% or .2 of the original price added on. After that, the price was 54. So, 54=(.2x)+x because x is the original price plus the 20% of the original price. want to know something weird? x+.2x=1.2xwhen you add them, imagine a 1 in front of the x, because there is one, while their is only 20% of the other x. confusing, but it works. so 54=1.2x You can do that on your calculator.
you do 54 times 2
To find the original sale price, you need to reverse the markup process. Here's how you can do it:
1. Determine the markup percentage: 20% markup means the selling price is 120% of the original price.
2. Convert the markup percentage to a decimal: Divide the markup percentage by 100. In this case, divide 20 by 100 to get 0.2.
3. Calculate the original price: Since the selling price is 120% of the original price, you can set up the equation: selling price = (1 + markup percentage) * original price. In this case, the equation would be: $54 = (1 + 0.2) * original price.
4. Solve the equation for the original price: Divide both sides of the equation by (1 + 0.2): $54 / 1.2 = original price.
Calculating this gives you the original price: $45.
So, the original sale price of the seat cover was $45.