SOLUTION: Find the original price of an item bought for $150 at 20% discount reduction.

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Question 517676: Find the original price of an item bought for $150 at 20% discount reduction.
Answer by Edwin McCravy(20055) About Me  (Show Source):
You can put this solution on YOUR website!
Find the original price of an item bought for $150 at 20% discount reduction. 
Rule:
When an item is marked down n%, its new price is (100-n)% of the old price.

Since the item was marked down 20%, its new price was (100-20)% or 80% of the
old price.  So the question is:

$150 is 80% of what?  (Let x be the answer)

 $150 = .8x
 %22%24150%22%2F.8 = x
 $187.50 = x  

Edwin