The price of a new pair of shoes just increased by 15%. If the new price is $92, what was the old price? A. $13.80. B. $78

Question

The price of a new pair of shoes just increased by 15%. If the new price is $92, what was the old price?

A. $13.80. B. $78.20 C. $80.00 D. $. 105.80

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Samantha 1 week 2021-09-13T23:49:18+00:00 1 Answer 0

Answers ( )

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    2021-09-13T23:51:09+00:00

    Answer:

    $80

    Step-by-step explanation:

    After the price has been marked up by 15 percent, the total percentage 92 dollars is worth based on the original price (not marked up) is 115 percent (100% +15%).

    Hence, to find the original price (old price) of 100 percent, you divide 92 dollars by 115 units and multiply 100 to the final value to get 100 percent, assuming 1 unit price = 1 percent.

     \frac{92}{115}  \times 100 = 80

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