SOLUTION: a company reduced the price of an article by 5%.By how much% a retailer must increase the new price so as to sell the article at the old price?

Question 993062: a company reduced the price of an article by 5%.By how much% a retailer must increase the new price so as to sell the article at the old price?

Answer by vleith(2983) (Show Source): You can put this solution on YOUR website!
Let the original price be X
You are told the supplier lowered their costs by 5%. So the item now costs 95% of its original cost.
How much must the retailer raise their price? Let that number be Y

So the retailer must raise their price by (1.053 - 1) * 100% = 5.3%
RELATED QUESTIONS
A company reduced the price of an article by 5%.by what per cent a retailer must increase (answered by stanbon,Jstrasner)

A company reduced the price of an article by 5%.by what per cent a retailer must increase (answered by checkley79)

1st- 40% passengers from a train got down at station A, 60% of the remaining passenger... (answered by mananth)

The price of an article is reduced by 20%. In order to restore the reduced price to the (answered by ikleyn,Alan3354)

A store has reduced a price by $20\%$. How large must the next discount be so the new... (answered by ankor@dixie-net.com)

A retailer planned to buy some computers form a wholesaler for a total of ksh 1,800,000,... (answered by ikleyn)

the price of an article has been reduced 25% in order to restore the original price, the... (answered by Fombitz)

AXY men’s sportswear is planning to sell its new line of pants to retail outlets. The... (answered by ikleyn)