SOLUTION: Hello, can you please help me work out this problem? Find the list price of if there was a 12% discount and the sale price was $ 4400.00 dollars

Question 120518: Hello, can you please help me work out this problem?

Find the list price of if there was a 12% discount and the sale price was $ 4400.00 dollars
Answer by bucky(2189) (Show Source): You can put this solution on YOUR website!
The list price is the original price ... that is the price the article was before a 12% discount
was taken.
.
The list price minus the 12% of the list price mark-down results in the $4400 discounted
price. If L represents the list price the equation for the discount is:
.
L - 0.12L = 4400
.
which represents the list price minus 12 percent (0.12) of the list price resulting in
4400 dollars.
.
Doing the subtraction on the left side reduces the equation to:
.
0.88L = 4400
.
You can now solve for L by dividing both sides of the equation by 0.88 to get:
.
L = 4400/0.88 = 5000
.
So the original list price was $5000.00
.
Check:
.
The original list price was $5000. The 12% discount was 0.12 times $5000 and this product
is $600. So the discounted price is $5000 less $600 which does equal $4400, just as the problem
said it should.
.
Hope this helps you to understand the problem a little better.
.
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