How to Find the Original Price of a Discounted Item?
Question: How to find the original price of a discounted item?
The amount of reduction on the list or marked price to sell the product at a lower price is called a discount
The original price is known as the marked price of an item
Answer: To find the original price of a discounted item, we need the selling price of the item and discount percent
Let's look into the relationship between discount,selling price and marked price
Discount = Marked Price - Selling Price
The list price or marked price of any product decreases by some percentage to increase its sell is called the discount percentage or discount rate
Discount percentage = (Discount / Marked Price) × 100
Let 'y' be the price of the discounted item and 'd%' be the discount percent.
The original price will be given as y + (dy/100)