Questions: Tessa wants to buy an antique clock. The sale price is 236. What was the original price?
Transcript text: Tessa wants to buy an antique clock. The sale price is $236. What was the original price?
Solution
Solution Steps
Step 1: Identify the Sale Price and Discount Rate
Let the sale price of the antique clock be \( S = 236 \). Assume a discount rate of \( d = 0.20 \) (or 20%).
Step 2: Set Up the Original Price Formula
The relationship between the original price \( P \), sale price \( S \), and discount rate \( d \) can be expressed as:
\[
S = P \cdot (1 - d)
\]
Step 3: Solve for the Original Price
Rearranging the formula to solve for the original price \( P \):
\[
P = \frac{S}{1 - d}
\]
Substituting the known values:
\[
P = \frac{236}{1 - 0.20} = \frac{236}{0.80}
\]
Step 4: Calculate the Original Price
Calculating the value gives:
\[
P = 295
\]
Thus, the original price of the antique clock is \( P = 295 \).