When we represent a percent in decimal format, we simply need to divide the percent by 100. In this case we would want to add 100% first to get 108%, as we are getting a price that is 8% higher. The decimal would be 1.08.
To calculate the new prices you would use the equation p = 1.08x
You said select two answer choices, but I’m not sure if you mean two ways of answering.
I suppose you could divide x by (1.0 / 1.08) by doing x (1.0 / 1.08)^-1, but I don’t think that would be a rational way of doing this.
Hope this was helpful.