Tommy Woodruff bought a printer for $97.49. The suggested retail price for this printer is $150.
The selling price is the amount that a customer will pay, whereas the cost of the item is the price at which the store purchased it. Due to market circumstances, the price of this item is greater than the factory cost price.
To find the cost price, divide the total cost by the number of units purchased. Use the selling price formula to get the final cost.
Due to the printer's 35% market-down price.
Tommy Woodruff paid 65% of the cost for a printer.
65% x = 97.49 where x is regular selling price
65 ÷ 100 x = 97.49
x = 97.49 ÷ 65 × 100
x = 150
The regular selling price is $150.
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