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 PP.

Joshua sold the bike for 10% less than what he paid, which means he sold it for 90% of PP. So, the equation representing this situation is:

0.9P=5850.9P = 585

To find PP, divide both sides of the equation by 0.9:

P=5850.9P = \frac{585}{0.9}

Now, calculate PP:

P=650P = 650

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:

  1. How do you calculate percentages of a number?
  2. If Joshua had sold the bike for 20% less, how much would he have received?
  3. How can you use the concept of percentages to find the original price when given the sale price?
  4. What is the formula for calculating a percentage decrease?
  5. 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.

Ask a new question for Free

By Image

Drop file here or Click Here to upload

Math Problem Analysis

Mathematical Concepts

Percentages
Equations

Formulas

-

Theorems

-

Suitable Grade Level

Grades 6-8