SOLUTION: Tony put some money into a savings account and deposited no more into this account for one year. At the end of the year, there was $5885 in the account, including 7% of the origina

Question 186674: Tony put some money into a savings account and deposited no more into this account for one year. At the end of the year, there was $5885 in the account, including 7% of the original amount for interest. How much did he deposit originally?

and (seperated)

After a 15% discount, an item was sold for $61.20. What was the original price of the item?

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Answer by nerdybill(7384) (Show Source): You can put this solution on YOUR website!
Tony put some money into a savings account and deposited no more into this account for one year. At the end of the year, there was $5885 in the account, including 7% of the original amount for interest. How much did he deposit originally?
.
Let x = original amount deposited
then
x + .07x = 5885
x(1+.07) = 5885
x(1.07) = 5885
x = 5885/1.07
x = $5500.00
.
.
.

After a 15% discount, an item was sold for $61.20. What was the original price of the item?
Let x = original price
then
x - .15x = 61.20
x(1 - .15) = 61.20
x(.85) = 61.20
x = 61.20/(.85)
x = $72.00

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