Question

- A newspaper article discusses the rising prices of dairy products.it predicts that next year prices will be 115% of current prices. the article says the price of a certain dairy product will be $2.88. what is the current price

Answer 1

Let x be the current price of the product

1.15 * x = $2..88

So when rearranging the equation, you get:
x = 2.88/1.15 = $2.50 (to the nearest cent)