Question

Steph bought a used bicycle, restored it, and then marked it up 1/4 of the price she paid. Later she sold it for the marked up price $80. How much, in dollars did Steph pay for the bicycle

Answer 1

Price she paid, P = $80 .

She sells the bicycle at 1/4 of the price she paid.

Let, buying price is x.

So, as given in question selling price will be x/4.

Also, selling price is given as $80 .

`(x)/(4)=80\\\\x = \$320`

Therefore, Steph pay $320 for the bicycle.

Hence, this is the required solution.