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.