Answer:
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Let the original price be x.
After 70% discount the price becomes:
- x - 70% =
- x - 0.7x =
- 0.3x
After a further 5% discount the price is:
- 0.3x - 5% =
- 0.3x - 0.05*0.3x =
- 0.285x
This is same as $62.70, set up an equation and solve for x:
- 0.285x = 62.7
- x = 62.7/0.285
- x = 220
The original price of the leather bag was $220.