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After an 8% price increase the new price was $450. What was the original price?

1 Answer

6 votes

Answer:

$416.67

Explanation:

8% = 0.08

adding 8% to something means you add 0.08 of it

original = 100% = 1

original + 8% increase = 1 + 0.08 = 1.08

1.08 of original price = new price = 450

1.08 * original price = 450

450/1.08 = original price = $416.67

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