Math Problem Statement
Joshua sold his bike for 10% less than he paid for it. If he sold the bike for $585, how much did he pay for it?
$
Solution
Let the amount Joshua originally paid for the bike be .
Joshua sold the bike for 10% less than what he paid, which means he sold it for 90% of . So, the equation representing this situation is:
To find , divide both sides of the equation by 0.9:
Now, calculate :
So, Joshua originally paid $650 for the bike.
Would you like more details or have any other questions? Here are five related questions for further exploration:
- How do you calculate percentages of a number?
- If Joshua had sold the bike for 20% less, how much would he have received?
- How can you use the concept of percentages to find the original price when given the sale price?
- What is the formula for calculating a percentage decrease?
- How would the problem change if he sold the bike for $650 instead?
Tip: When working with percentages, remember that multiplying by a percentage (as a decimal) can help quickly find the reduced or increased value.
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Math Problem Analysis
Mathematical Concepts
Percentages
Equations
Formulas
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Theorems
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Suitable Grade Level
Grades 6-8