Final answer:
The original price of the 1955 Camaro, which has seen its price increase by 185%, can be found by dividing the current price of $5,000 by 2.85, resulting in an original price of approximately $1,754.39.
Step-by-step explanation:
To find the original cost of the 1955 Camaro which now costs $5,000 after being inflated by 185%, we first need to understand that the 185% increase is over and above the original price, which means the total cost is 100% (original) + 185% (increase) = 285% of the original price.
We express this as a decimal by dividing 285 by 100, giving us 2.85
Therefore, to find the original price, we divide the current price by 2.85.
Original Price = Current Price / 2.85
Original Price = $5,000 / 2.85
The original price of the Camaro is therefore approximately $1,754.39.
This is a simple percentage problem where we effectively reverse the percentage increase to find the original amount before inflation.