A movie theater marks up candy by 275%. If the theater sells the candy for $3.00, how much did the theater pay for the candy

Question

Please tell me how to solve with the steps

Answer 1

The way all percents work is this,

 

The "percent of" the original amount = the new amount.

 

So would multiply the percentage (as a decimal) by the original (which we do not know) and that would be equal to the $3.00 that the candy is sold for.

 

 

So, the equation would be:   2.75 * original = 3.00

 

Now divide both sides by 2.75 and get that the original price (what the theater paid for the candy) was 1.09090...

 

Final answer:  $1.09