A shopkeeper wants to have a clearance sale with 12% discount on all advertised prices. What is his regular price, if the sale price on an item is $620?
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Answer:
LET THE REGULAR PRICE BE = x$
SALE = 12%
THEREFORE, ITEM SOLD ON = 100-12=88%
=> 88% of x$ = $620
=> 88/100 × x = 620
=> 22/25 × x = 620
=> 22x/25 = 620
=> x = 620×25/22
=> x = 704.54$
THEREFORE, REGULAR PRICE = 704.54$
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