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Question 1The original price of an item which is priced at $14.55 after having been marked down by 22%is closest to:A. $18.65B. $17.75C. $11.34D. $7.45E. $11.93

Question

Question 1The original price of an item which is priced at 14.55afterhavingbeenmarkeddownby2214.55 after having been marked down by 22%is closest to:A. 18.65B. 17.75C.17.75C. 11.34D. 7.45E.7.45E. 11.93

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Solution

To find the original price of an item that has been marked down by a certain percentage, you can use the following formula:

Original Price = Sale Price / (1 - Discount Percentage)

In this case, the sale price is $14.55 and the discount percentage is 22% or 0.22.

So, the original price would be:

Original Price = $14.55 / (1 - 0.22)

Calculate the denominator first:

1 - 0.22 = 0.78

Then divide the sale price by this number:

Original Price = $14.55 / 0.78

This gives an original price of approximately $18.65.

So, the answer is A. $18.65.

This problem has been solved

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