Questions: At a sale this week, a suit is being sold for 377. This is a 35% discount from the original price. What is the original price?
Transcript text: At a sale this week, a suit is being sold for $\$ 377$. This is a $35 \%$ discount from the original price. What is the original price?
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Solution
Solution Steps
Step 1: Identify the given parameters
Given the sale price \(S = 377\) and the discount rate \(D = 35\%\),
we use the formula \(O = \frac{S}{1 - \frac{D}{100}}\) to find the original price.
Step 2: Calculate the original price
Substituting the given values into the formula, we get \(O = \frac{377}{1 - \frac{35}{100}} = 580\).
Final Answer: The original price of the item is $580.