sale. Any damaged stock will be discounted by 35%.A refrigerator is scratched and discounted to $1820.a What was the original price of the refrigerator?b How much money is saved because of the scratch on the door?
Question
sale. Any damaged stock will be discounted by 35%.A refrigerator is scratched and discounted to $1820.a What was the original price of the refrigerator?b How much money is saved because of the scratch on the door?
Solution
a. The refrigerator was discounted by 35% due to damage, which means the $1820 is 65% of the original price. To find the original price, you can use the formula:
Original Price = Discounted Price / (1 - Discount Rate)
So, the original price would be 2800.
b. The amount of money saved due to the scratch can be calculated by subtracting the discounted price from the original price.
So, the money saved would be 1820 = $980.
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