Question

In: Math

The price of a pair of trousers was decreased by 22% to $30. What was the original price of the trousers?

The price of a pair of trousers was decreased by 22% to $30. What was the original price of the trousers?

Solutions

Expert Solution

Let x be the original price and y be the absolute decrease. If the price was decreased to $30, then

x - y = 30

y is given by

y = 22% of x = (22 / 100) * x = 0.22 x

Substitute y by 0.22 x in the equation x - y = 30 and solve for x which the original price.

x - 0.22 x = 30

0.78 x = 30

x = $38.5

Check the solution to this problem by reducing the origonal price found $38.5 by 22% and see if it gives $30.


Price is $38.5

Related Solutions

The original price of a shirt was $20. It was decreased to $15 . What is the percent decrease of the price of this shirt?
The original price of a shirt was $20. It was decreased to $15 . What is the percent decrease of the price of this shirt?
Price: $25 $18 $20 $20 $30 $22 $26 What is the mean price for an adult...
Price: $25 $18 $20 $20 $30 $22 $26 What is the mean price for an adult haircut? What is the median price for an adult haircuit? What is the mode price for an adult haircut? Compute the 60th percentile. What does this value mean? Compute the second quartile. What does this value mean? What is the variance for the prices? What is the standard deviation?
bounce houz inc. is all equity financed with a $22 share price and with 30 million...
bounce houz inc. is all equity financed with a $22 share price and with 30 million shares outstanding. The company wants to buy back shares by issuing 300 million in debt. Shares will be repurchased at a fair price. Assume the debt willl be permanent debt and that the appropriate cost of debt will be 4% and the current corporate tax rate the firm pays is 30% A. 660 B.90 C.600 D. 0.5 E.0.333 F. 0.666 G.12 H.18 I.300 j....
7. The price of wheat has decreased. Farmers observe this and react. what is the most...
7. The price of wheat has decreased. Farmers observe this and react. what is the most likely outcome? a. a decresed supply of corn b. a increased supple of corn c. a increased supply of wheat d. a decreased supply of cows 8. Trade makes people worse off when a. industrialized countries trade with developing countries b.a country with an absolute advantage trades with a country that lacks any absolute advantage. c. low productivity countries trade with high productivity countries...
If the Price Elasticity of Demand (PED) = 1 then… Price should be decreased to maximize...
If the Price Elasticity of Demand (PED) = 1 then… Price should be decreased to maximize revenue. Price should be increased to maximize revenue. Revenue is at its maximum. Profit is at its maximum. If the demand for good X shifts to the right as the price of good Y rises, then goods X and Y are: Inferior goods. Complementary goods. Normal goods. Substitute goods. Which of the following is not a determinant of Price Elasticity of Demand (PED)? The...
(Bonds) What is the price of a bond (to the nearest cent) with 22 years to...
(Bonds) What is the price of a bond (to the nearest cent) with 22 years to maturity, 5.3% coupon rate, semiannual payments, par of $1000, and the yield to maturity of 8.86%?
What is the price of a bond (to the nearest cent) with 22 years to maturity,...
What is the price of a bond (to the nearest cent) with 22 years to maturity, 5.8% coupon rate, semiannual payments, par of $1000, and the yield to maturity of 4.83%?     5 years ago, you paid $1135 for a 8-year, $1,000 par bond with a 5.6% coupon rate and semiannual payments. You are selling the bond today when its yield to maturity is 2%. What is the selling price today, to the nearest $0.01?
Law of one price. Suppose the price of a pair of Crocs in the U.S. is...
Law of one price. Suppose the price of a pair of Crocs in the U.S. is $10.00 and in the People’s Republic of China (PRC) it is ¥40 (Yuan or RMB), and the current spot exchange rate is: e¥/$ = 3. (5 pts.) Determine the following: e$/¥ = e¥/$ Law of One Price = e$/¥ Law of One Price= $ Overvalued or Undervalued (circle the correct answer): Overvalued         Undervalued ¥ Over or Undervalued (circle the correct answer)): Overvalued         Undervalued
The original price of a TV was reduced by 40%. The sales price was then reduced...
The original price of a TV was reduced by 40%. The sales price was then reduced by 35%. This price was then reduced by 25%. If the TV is now selling for $438.75, what was the original price? Please show working of the problem.
The original sale price of a car is $22,194.96. The required down payment is $1,410. What...
The original sale price of a car is $22,194.96. The required down payment is $1,410. What is the monthly payment if the customer can apply for a 3-year auto loan with a promotional financing rate at 2.99%? $577.36 $598.25 $604.36 $645.36
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT