Let, the original price of the sneakers be $x.
Given, Mr. Richard paid $3 less that half of the original price.
Half of the original price = $

So Mr. Richard paid = $

By buying the sneakers Mr. Richard saved = $37.
That means the subtraction of the original price and the amount Mr. Richard paid is $37.
So we can write the equation as,


To solve it for x, first we have to move 3 to the right side by subtracting it from both sides, we will get,



We will subtract the left side now. To subtract fractions we will make the denominators same. Here 2 is the denominator. To make the denominator of x as 2, we will multiply the numerator and denominator of x by 2. So we can write x as
.



Now we will multiply both sides by 2 to get x.



So, the original price = $68.
Mr. Richard paid = $(
=$
= $

So we have got the required answer.
Mr. Richard paid $31 for the sneakers.