Question

A digital music player has a retail price of $85 the percent markup is 140% what is the real price

Answer 1

Convert the percentage into a decimal by dividing by 100:


`140 / 100 = 1.4`

Divide the retail price by this decimal to find the real price:


`85 / 1.4 = 60.714`

To round to the nearest cent, look at the thousandths value:

60.714
4 < 5
60.714 ≈ 60.71

The real price of the digital music player is $60.71.