Answer:
$62.50
Step-by-step explanation:
The original price is x
It is marked up 40 percent
x+.40x = new price
1.40x = new price
The new price is 87.50
1.40x = 87.50
Divide each side by 1.40
1.40x/1.40 = 87.50/1.40
x =62.50
The price before mark up is 62.50
