Question

The price of a product increased by $75, which was a 15% increase. What was the product's original price

Answer 1

The correct answer is: The original price is = x = $500

Explanation:

Mathematically, we can write it as:

$\frac{15}{100} * x = 75$

x = Original Price

The above equation can be read as: "The 15% of the original price is $75."

Now we need to find the value of x:

$x =\frac{75 * 100}{15} = 500$

Hence,

The original price is = x = $500