Answer: $980
Let’s create a proportion:
372.40/x=38/100
Solve for x with “cross multiplication:”
372.40•100=38•x
Simplify:
37240=38x
Solve for x:
Divide both sides by 38:
37240/38=x
Divide:
980=x
Apply the symmetric property:
x=980
Let’s check our answer by substituting it back in for x:
372.40/980=38/100
.38=.38
.38•100=.38•100
38%=38%
So, the original price was $980