SOLUTION: an older model smart phone is marked down to $89.55 when newer technology comes on the market. If this is the new price after a 55% markdown, determine the original price.

Algebra.Com
Question 1144907: an older model smart phone is marked down to $89.55 when newer technology comes on the market. If this is the new price after a 55% markdown, determine the original price.
Answer by Edwin McCravy(20064)   (Show Source): You can put this solution on YOUR website!
To find the marked down price, we begin with the original price, x.
Then we multiply the original price by 55% and get 0.55x.
Then we subtract that from the original price x, and get the reduced price, 
x-0.55x.

So the reduced price is $89.55, we make them equal:

x-0.55x = 89.55

We write x as 1.00x

1.00x-0.55x = 89.55

      0.45x = 89.95

          x = 89.95/0.45

          x = 199.888888888888888888888888888888888888888888888889

You can round that up to $199.89.

Edwin

RELATED QUESTIONS

A hardcover book is marked down to $15.60 once the book comes out in paperback. If this... (answered by Boreal)
Chapter 5 Summary and Review referencing Section 5-4 (Factoring of polynomials) 44.... (answered by rapaljer)
If you have an item on clearance that has been marked down to $15 due to a 70% sale, what (answered by jim_thompson5910,MathTherapy)
a bicycle costs $75. If it was marked down by 20%. What is the new price of the bike? (answered by jerryguo41,stanbon)
A $52 sweater is marked down 25%. What is the new... (answered by Alan3354)
The phone case you want to buy is marked down 30%, and you have a 25% off coupon. You pay (answered by Fombitz)
When writing an inequality for a word problem, do the units have to be converted to have... (answered by stanbon)
the price of a dress is marked down 30%. then it is marked down an additional 20%. find a (answered by oberobic)
A newer model jet plan can travel 200 mph faster than a an older model. The newer model... (answered by josmiceli,Rcmathtutor)