In a price problem, the last step is to divide the net to be received by the decimal found in step 2. If the net to be received is $54,000 and the decimal from step 2 is 0.90, what is the final price?

In a price problem, the last step is to divide the net to be received by the decimal found in step 2. If the net to be received is $54,000 and the decimal from step 2 is 0.90, what is the final price?

• A. $60,000
• B. $54,000
• C. $66,000
• D. $72,000

Answer: (A)

The basic idea is that the net amount equals a portion of the final price. If the decimal 0.90 represents the portion you actually receive, then net = final price × 0.90. To find the final price, divide the net by the decimal: 54,000 ÷ 0.90 = 60,000. So the final price is $60,000. You can verify by checking that 0.90 × 60,000 = 54,000.

The basic idea is that the net amount equals a portion of the final price. If the decimal 0.90 represents the portion you actually receive, then net = final price × 0.90. To find the final price, divide the net by the decimal: 54,000 ÷ 0.90 = 60,000. So the final price is $60,000. You can verify by checking that 0.90 × 60,000 = 54,000.