Answer:
$133.33
Explanation:
When dealing with such a problem we can use the Rule of Three. This rule is basically used in order to find the missing value when dealing with a ratio. Like so...
12% of final price <======> $16
100% of final price <=====> x
Now we multiply the two available diagonal values together and divide by the last value in order to get the value of the variable, which in this case would be the original price in dollars
(100 * 16) / 12 = x
1600 / 12 = x
133.33 = x
Finally, we can see that the original price of the item was $133.33