Question

A magazine advertises that a subscription price of $29.99 (for 12 issues) represents a savings of 70% from the newsstand price. What is the price of one issue at the newsstand?

Answer 1

so, if the original prize is x, then 29.99 is 30%x (it's 70% savings, so 100%-70%=30%).

so, 29.99=30%x

29.99=0.3x

then x=29.99/0.3

and x=99.966666

well, it's unlikely that this was the original prize, and probably the actual prize was 100, but they just took off one cent from the prize after the reduction - it's a common marketing strategy