Question

A ring is now reduced to 840 pounds
This is a saving of 40% of the original price
Work out the original price of the ring

Answer 1

Original Price = 1400 pounds

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Answer 2

The original price of the ring is 1400 pounds.

Let the original price of the ring be 100 pounds

So the savings =40 pounds

Resultant price after reduction= 60 pounds

Now, on equating the two conditions we get:

60 pounds is equivalent to 840 pounds

So, 100 pounds is equivalent to= (840/60)* 100 = 1400 pounds.