Question

You sell your stereo for $383.50 which is 18% more than you paid for it. What was the price you paid for the stereo?

Answer 1

you paid $350

Explanation:

Okay so if we know that 383.50 is 18% more, we can say that:

118%=383.50,

then divide 383.50, it's not the most efficient way, but it works.

So, 383.50/118= 3.25

So, if 3.25 is one percent, just multiply by hundred, mode the decimal places and get $325