Roa bought a bicycle with a markup price of P 12,960.00. If the markup rate was 36%, what was the original price of the bicycle?
Share
Roa bought a bicycle with a markup price of P 12,960.00. If the markup rate was 36%, what was the original price of the bicycle?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Answer:
To find the original price of the bicycle, we can use the formula:
Original Price = Markup Price / (1 + Markup Rate)
Given that the markup price is P 12,960.00 and the markup rate is 36%, we can substitute these values into the formula:
Original Price = 12,960 / (1 + 0.36)
Calculating the expression inside the parentheses:
Original Price = 12,960 / 1.36
Simplifying the division:
Original Price ≈ P 9,529.41
Therefore, the original price of the bicycle was approximately P 9,529.41.