I have a guestion
Suppose that Jamie bought a bike in 2009 and sold it for a loss of 18% a year later. If she sold it for $116.64 what was theioriginal purchase price?

Question

I have a guestion 
Suppose that Jamie bought a bike in 2009 and sold it for a loss of 18% a year later. If she sold it for $116.64 what was theioriginal purchase price?

amistre64 · Answer

116.64 = original price - original price(18%)

amistre64 · Answer

116.64 = P - P(.18)

166.64 = P(1 - .18)

P = 166.64 /(1-.18)

amistre64 · Answer

203.21951219512195121951219512195

anonymous · Answer

price is 116.54

amistre64 · Answer

then just put the right price into the equation...and work it :)

anonymous · Answer

ok sorry the price is 116.64 I can type today

amistre64 · Answer

oh ...yeah, that 166.64 is just a typo in my head lol :)

amistre64 · Answer

P = 116.64/(1-.18)

anonymous · Answer

so it the answer 203.22

amistre64 · Answer

142.2439 is the correct answer with everything put in as intended :)

anonymous · Answer

that is what I got also thanks so much