SOLUTION: Could anyone let me know if I have done this problem correct? A gold bracelet id discounted at 40% and sold for $750. Find the regular price of the bracelet. I have it being $105

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Could anyone let me know if I have done this problem correct? A gold bracelet id discounted at 40% and sold for $750. Find the regular price of the bracelet. I have it being $105      Log On

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Question 93552: Could anyone let me know if I have done this problem correct?
A gold bracelet id discounted at 40% and sold for $750. Find the regular price of the bracelet. I have it being $1050.00

Answer by Edwin McCravy(20056) About Me  (Show Source):
You can put this solution on YOUR website!

Could anyone let me know if I have done this 
problem correct? 
A gold bracelet is discounted at 40% and sold 
for $750. Find the regular price of the bracelet. 
I have it being $1050.00

-----------------------

Let's check that answer and see if it's correct:

Let regular price = $1050.00
Multiply by .40, get $420
Subtract from regular price, get $1050 - $420   
Set that equal to selling price:

$1050 - $420 = $750
        $630 = $750

Nope! 'fraid that's wrong!

-------------------------------------------

Let's do it correctly, exactly the same way
we checked your answer above, but this time 
we'll using $x instead

Let regular price = $x
Multiply by .40, get $.40x
Subtract from regular price, $x - $.40x   
Set that equal to selling price:

$x - $.40x = $750
   
Now solve for x:

Multiply through by 10

10x - 4x = 7500
      6x = 7500
       x = 1250

So the correct answer is $1250.00

Solving a word problem is exactly like checking an
answer in it to see if it is correct, only you use
x instead of the number you're checking, and at the 
end you solve for x.

Edwin