Question

Please help on question 17 with step by step instructions
Thanks in advance xx

Answer 1

Let x = Initial Price

If we increase x by 5%, we are adding 0.05x

Therefore, the new price = x + 0.05x = 1.05x

If the ticket has increased by £2.30, £2.30 is 5% of the initial price, or 0.05x

0.05x = 2.30

x = 2.30/0.05

x = 46

Therefore, the price of the ticket before the increase was £46

You can also check this backwards by doing 46*0.05 = 2.30