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A freezer was sold during a clearance sale for $387.50. If the freezer was sold at a discount of 16 %, what was the list price? The list price is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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lyndalau86

Answer:

The list price is $461.31

Step-by-step explanation:

The freezer was sold for 387.50 at a discount of 16%, this means that the freezer was sold at 84% (100% - 16%) of its list price.

Now, we're going to use a rule of three to solve this problem:

387.50 ---------- 84

x          ----------- 100

When we solve for x, we have:

x = 387.50 (100) / 84

x = 38750 / 84

x = 461.309524

x= 461.31

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