Original price is the first price marked on an item before being changed to the new price
The sale price would be $111.00 + tax.
Original price: 100/80 times 15.60 = 19.50 and 80% of 19.50 = 15.60
64.00 is 80% of normal so normal price is 5/4 x 64 = 80.00
The easiest way to understand the answer is to turn it around. If you wanted to calculate the item price plus tax, you would multiply the item price by 1.073. So, to back up to the item price from the item price plus tax, divide the item price plus tax by 1.073. $20.00 / 1.073 = item price before sales tax.
Original price is the first price marked on an item before being changed to the new price
The sale price would be $111.00 + tax.
marked down price marked down price
It's not illegal to charge a different price than what is marked on an item, as the item may have been mis-labeled. It is generally regarded to be a poor business practice to do so, but if an employee mislabels an 800.00 item as an 80.00 item, a customer cannot expect to pay 80.00 for the item. This is why many stores use a barcoding system that coincides with their inventory software to ensure that product pricing is set.
The phrase 'marked price' simply means the cost you would pay at the checkout. When a shop needs to get rid of stock quickly, it will often sell products labelled '10% off marked price' - in which case, the checkout will deduct 10% off the regular price of the item, before totalling the amount you need to pay. For example - say a dress was marked at 25.00 - and had a label 10% off marked price'... at the checkout, the till would deduct 10%, and you would only pay 22.50 !
Original price: 100/80 times 15.60 = 19.50 and 80% of 19.50 = 15.60
64.00 is 80% of normal so normal price is 5/4 x 64 = 80.00
The term "redline" in retail stores generally refers to an item that has been marked down to its lowest price.
The regular price of an item is the non-sale price of that item.
How to calculate sale price if marked price and percent discount are given:First change the percent discount to a decimal.You then multiply the percent discount in decimal form by the marked price.Finally, you subtract the answer from the multiplication problem from the marked price, and get your final answer!
A clothes sale is usually either that an item is marked down to a certain fixed price, or that it is between 5% to 30% off. A clothes clearance is when an item is at least 50% off.
Suppose percent discount is D. Then Marked Price = Sale Price/(1-D/100)