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anonymous

  • 5 years ago

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?

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  1. amistre64
    • 5 years ago
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    116.64 = original price - original price(18%)

  2. amistre64
    • 5 years ago
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    116.64 = P - P(.18) 166.64 = P(1 - .18) P = 166.64 /(1-.18)

  3. amistre64
    • 5 years ago
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    203.21951219512195121951219512195

  4. anonymous
    • 5 years ago
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    price is 116.54

  5. amistre64
    • 5 years ago
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    then just put the right price into the equation...and work it :)

  6. anonymous
    • 5 years ago
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    ok sorry the price is 116.64 I can type today

  7. amistre64
    • 5 years ago
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    oh ...yeah, that 166.64 is just a typo in my head lol :)

  8. amistre64
    • 5 years ago
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    P = 116.64/(1-.18)

  9. anonymous
    • 5 years ago
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    so it the answer 203.22

  10. amistre64
    • 5 years ago
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    142.2439 is the correct answer with everything put in as intended :)

  11. anonymous
    • 5 years ago
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    that is what I got also thanks so much

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