SOLUTION: if an item is marked up by 61%, how do you find out the original price. Example: Cost $10 Mark up by 61%= $16.1 Need to know how to find original amount before markup.

Question 144393: if an item is marked up by 61%, how do you find out the original price.
Example:
Cost $10
Mark up by 61%= $16.1
Need to know how to find original amount before markup.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
if an item is marked up by 61%, how do you find out the original price
Let "x" be the original price.
EQUATION:
x + 0.61x = new price
x(1.61) = new price
x = (new price)/1.61 (this is the original price)
---------------
If the new price is $10 then:
x = 10/1.61 = $6.21
=========================
Cheers,]
Stan H.

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