Answer:
240
Explanation:
You want the price that was increased by 25% to give a new price of 300.
Increase
When a price is increased by some rate r, it is effectively multiplied by (1+r). If the original price is p, the new price is ...
p(1 +25%) = 300
Old price
Then the old price p is ...
p = 300/1.25 = 240
The price that was increased ws 240.
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