The original price is 53 and 33 cents
We can solve this by using an equation as shown if "x" equals the original sales price...
x - (1/4)x = 40
Basically, its 100% of x being lowered to 75% of it's original price (25% discount so 1/4th being taken away from it), which should be 40$
*Simplify*
(3/4)x = 40
*Simplify*
x = (40)(4/3)
Therefore,
x = 160/3 or x ≈ 53.33