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 18.65B. 11.34D. 11.93
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.
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