Question 1190685: An artis selling price for a portrait is $980 with a discount of 5% . Calculate the marked price of the portrait.
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Answer by math_tutor2020(3835)   (Show Source):
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marked price = original price before the discount
x = marked price
selling price = price after the discount
selling price = $980
The discount is 5%, meaning the customer pays the remaining 95%
95% of (marked price) = selling price
0.95*x = 980
x = 980/0.95
x = 1,031.57894736842 approximately
x = 1,031.58 after rounding to the nearest penny
Answer: $1,031.58
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