Andrew M. answered 08/26/15
Tutor
New to Wyzant
Mathematics - Algebra a Specialty / F.I.T. Grad - B.S. w/Honors
To find out the sales price we need to find the original price. We know 16% of the price is $140.
Let P = original price
(16/100)P = 140
P = 140(100/16)
P= $875.
Let S= sales price
S = P - 140
S = 875-140=$735
We need to find 4% of sales price and add that back
to the sales price
(4/100)S + S = final price
(4/100)(735)+735
$764.40 is final price paid