Solution
Step 1
Use the concept of percentage decrease.
Step 2
New price = $458.81
Original price = x
Percentage decrease = 27%
Step 3
Find the decrease
![\begin{gathered} Decrease\text{ = 27\% of x} \\ \\ =\text{ 0.27x} \end{gathered}](https://img.qammunity.org/2023/formulas/mathematics/college/p6z727645ziq6sroj5lulo626h8d1hxiax.png)
Step 4
New price = Original price - Decrease
![\begin{gathered} 458.81\text{ = x - 0.27x} \\ \\ 458.81\text{ = 0.73x} \end{gathered}](https://img.qammunity.org/2023/formulas/mathematics/college/uknuktl7l0t099fx79sgkrqthrz6y9ytox.png)
Step 5
Divide both sides by 0.73
![\begin{gathered} 458.81\text{ = 0.73x} \\ \\ x\text{ = }(458.81)/(0.73) \\ \\ x\text{ = 628.506849315} \end{gathered}](https://img.qammunity.org/2023/formulas/mathematics/college/ijwrm82dwf2yx5ns7m1avo3qe77rdmj7d6.png)
Final answer
The original price is $628.51