Andrew saved 25% on a coat by purchasing it during a discount. If he paid $140, the original retail cost was $186.67.
Initial Retail Price is the amount that the company has decided to mark on the relevant Company Products as the retail price.
A customer will pay the retail price of a product when buying it from a retail establishment. Customers will pay this amount in full. The retail price is what consumers pay for the finished good when it is sold.
The manufacturer's suggested retail price, or MSRP, of the item is intended to be its original price. When you want to reduce the price of your merchandise, you use the current price. If you set your item's Current Price to be less than its Original Price, you can permanently mark it down.
Andrew saved 25% on a coat by purchasing it during a discount. Considering that he spent $140, the original retail cost was:
x * (1 - 0.25) = $140
x * 0.75 = $140
x = $140 / 0.75 = $186.67
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