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Question from Judy:

Problem:

An item is currently on sale at 37% off the retail price. The item now sells for $350.

My Question:

What is the retail price and what is the formula or steps to figuring that out?

Hi Judy,

Since the sale is off the retail price, the sale price is 100\% - 37\% = 63\% of the retail price. Thus if \$P is the retail price then

0.63 \times \$P = \$350.

If you now divide both sides of his equation by 0.63 you get

\$P = \frac{\$350}{0.63}.

Penny

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