Answer:
The Cost Price will be $19.99
Explanation:
James
Sale Price = (100 - Discount Rate) x Cost Price
Let Y = Cost Price
By Putting the values in above equation:
$16.99 = (100 - 15) x Y
$16.99 = 0.85Y
Dividing the equation by 0.85, we get
Y = $16.99 / 0.85
Y = $19.99