Ricardo purchased a bunk bed for his children fora sale price of $276.25. The sale price was 65% of the original price. Calculate the original price of the bunk bed (in dollars).

Use the formula S=P-PD

S is sale price, original price is P, and PD is discounted percent,

276.25=P-P(.65), I turned the percent into a decimal.

276.25=P(1-.65)

276.25=P(1-.65)

276.25=P(.35)

Now cross multiply.

Hope this helps, now you know the answer and how to do it. Stay healthy and safe and HAVE A BLESSED AND WONDERFUL DAY! :-)  

- Cutiepatutie ☺❀❤

one fourth of 9% = 2.25%

gavin is correct in saying : the equivalent quarterly interest rate would be

2.25%.