Question

Nga's car insurance premium increased by $60, which was 8% of the original cost. What was the original cost of premium?

Answer 1

$750

Explanation:

If p represents the original cost, the relationship expressed in the problem statement is ...

60 = 0.08p

Dividing by 0.08, we find ...

p = 60/0.08 = 750

The original cost of the premium was $750.