A motorcycle dealer paid a certain price for a motorcycle and marked it up by 1 l/4 of the price he paid. Later, he sold it for $16,000, What was the original price?

Mathematics · College · Wed Jan 13 2021

Answered on

Given the equation:

A motorcycle dealer paid a certain price for a motorcycle and marked it up by 1 1/4 of the price he paid. Later, he sold it for $16,000.

Determine the original price.

Solution:

In order to determine the original price, we can simply equate the equation as,

x = original price

x + .25x = 16000

1.25x = 16000

Divide both sides by 1.25 in order to determine the value of x.

1.25x/1.25 = 16000/1.25

x = 12,800

Final answer:

The original price is $12,800.

 

 

Related Questions