Question

The markdown of a bicycle is Php1500.00 which is 20% of the original selling price. Find (a) the original selling price and (b) the new selling price.

Answer 1

Given:

The markdown of a bicycle = $1500

Which is 20% of the original selling price

Let the original selling price = x

so, 20% of x = 1500

so,

$\begin{gathered} \frac{20}{100}\cdot x=1500 \\ \\ x=\frac{1500\cdot100}{20}=7500 \end{gathered}$

so, the answer will be:

a) the original selling price = $7,500

b) the new selling price = 7500 - 1500 = $6,000