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In 2015, the price of a business math text rose to $200. This is 8% more than the 2014 price. What was the old selling price?

In 2015, the price of a business math text rose to $200. This is 8% more than the 2014 price. What was the old selling price?
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In 2015, the price of a business math text rose to $200. This is 8% more than the 2014 price. What was the old selling price?

asked
User Gromgull
by
8.1k points

1 Answer

2 votes
Old price=new price/(1+inflated rate)
=2000/(1+1.08)
=185.19 (approximately)
answered
User Ferrix
by
7.4k points
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