At a store, they cut the price 40% for a particular item. By what percent must the item be increased if you wanted to sell it at the original price?
- 54.5%
- 66.67%
- 30.33%
- None of these
Explanation
Let's say the original price is 100.
After a 40% discount, the price becomes:
100 - 40 = 60
To get back to the original price (100), the price needs to be increased by:
100 - 60 = 40
The percentage increase is:
(40 / 60) * 100 = 66.67%
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