Question

After an increase of 18%, the selling price of an item is $770.54. what was the original price? (don't forget the dollar sign)

Answer 1

The original price of an item that increased by 18% to a final price of $770.54 was $652.66.

Step-by-step explanation:

To determine the original price of an item after an 18% increase led to a final selling price of $770.54, we first consider that the final price represents 118% of the original price. To find 100% of the original price, we need to divide the final price by 1.18 (since 118% as a decimal is 1.18).

So, we calculate the original price as follows:

Original Price = Final Price / 1.18

Original Price = $770.54 / 1.18

Original Price = $652.66

Therefore, the original price of the item was $652.66.