Border Patrol Practice Exam

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Prepare for the Border Patrol exam with interactive quizzes and detailed explanations. Utilize our flashcards and multiple choice questions to ensure a comprehensive understanding of the material. Ace your test with confidence!

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What was the total value of the vase if the dealer sold it for 110% of its actual price, and the selling price was $1,210?

$1,000
$1,100
$1,150
$1,200

The correct answer is: $1,100

To determine the total value of the vase based on the selling price and the markup, we need to understand what selling the vase for 110% of its actual price means. When an item is sold for 110% of its actual price, it indicates that the selling price is 110 out of 100 parts of the actual price. This can be expressed with the formula: Selling Price = Actual Price x 110% Given that the selling price is $1,210, we can set up the equation: $1,210 = Actual Price x 1.10 To find the actual price, divide both sides of the equation by 1.10: Actual Price = $1,210 / 1.10 Actual Price = $1,100 Thus, the total value of the vase, or its actual price, is $1,100. This answer aligns with the context of the question, as we are looking for the original value without the markup included.