Question

The price of a cd was decreased by 2% to £14. What was the price before the decrease?

Give your answer to the nearest penny.

Answer 1

14.28

Explanation:

2% of 14 is .28

.28 + 14 = 14.28

Answer 2

Hi!

Since the price was decreased by 2%, that means that 14 is 98% (100% - 2%) of the original price. So, we just have to figure out 98% of what number is 14.

98% can be written in decimal form as 0.98.

We can set up the following equation:

14 = 0.98x

Now, divide both sides by 0.98:

14/0.98 = 14.2857143

The question says to round to the nearest penny, so your answer is

14.29