SOLUTION: Help Please... A car dealer reduces the list price of last years models by 15%. If a certain model has a discounted price of $8000, what was its original list price? Thank you!!
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Question 5061: Help Please... A car dealer reduces the list price of last years models by 15%. If a certain model has a discounted price of $8000, what was its original list price? Thank you!! Answer by rapaljer(4671) (Show Source):
If the car was discounted by 15%, then the discounted price is 85 % of the original price. In other words,
85% of original price = discounted price.
.85x = 8000
Divide both sides by .85:
x = $9411.7647, however you want to round it off.
To check: Take 15% of $9411.77 = $1411.76, which is the amount of the discount.
Then subtract the discount from the original price, and see if it isn't $8000.
