After 25% increase in price the new price is 300.what was the increased price

Question

asked Oct 20, 2024 157k views

1 Answer

Tom Aldcroft · Answer 1 · 2024-10-27T16:51:54+0000

Answer:

240

Explanation:

You want the price that was increased by 25% to give a new price of 300.

When a price is increased by some rate r, it is effectively multiplied by (1+r). If the original price is p, the new price is ...

p(1 +25%) = 300

Then the old price p is ...

p = 300/1.25 = 240

The price that was increased ws 240.

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