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Ratio problem, please give solution as well. A dealer raises the price of a $24000 air conditioning unit by 12.5 %. To restore the previous price, he must reduce the new price b…

Ratio problem, please give solution as well. A dealer raises the price of a $24000 air conditioning unit by 12.5 %. To restore the previous price, he must reduce the new price b…
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2 votes
Ratio problem, please give solution as well.

A dealer raises the price of a $24000 air conditioning unit by 12.5 %. To restore the previous price, he must reduce the new price by what percent ?

asked
User MetastableB
by
8.3k points

1 Answer

4 votes
It's $21,000. You multiply $24,000 by 12.5% which is $3,000 then you minus that to 24,000.
answered
User William Cheng
by
8.8k points
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