Question

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

Answer 1

$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.$

Answer 2

Answer: £1400

Step-by-step explanation:

if you are saving 40% of the original price that means you are selling it for 60%(100% - 40%)

60% = £840

original price = 100%

60 = 840

100 = x

60×x = 100 × 840

60x = 84000

x = 1400

∴original price = £1400