SOLUTION: The price of a fan is $15. The price is 27% lower than last week. What was the price of the fan last week. Round your answer to the nearest cent.

Question 1101614: The price of a fan is $15. The price is 27% lower than last week. What was the price of the fan last week. Round your answer to the nearest cent.
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
x=price last week, 27% less is 0.27. Since it is 27% less than 100%, that is 100%-27%=73%, which is 0.73
0.73x=price now=$15
divide by 0.73 both sides
15/0.73=$20.55 price last week ANSWER
Check this
% less is decrease /original amount
this is 5.55/20.55=0.27
RELATED QUESTIONS
Here's my problem: The price of the once high-flying tech stock fell by 22% the week... (answered by Boreal,MathTherapy)

A Fan is sold for Rs 1288. If the gain is 1/6 of the cost price of the fan, what is the... (answered by pakhi)

The price of the stock fell 22% the week before last week, and another 15% after. if it... (answered by rfer)

Last season, a sports fan spent $1,932 to see his favorite tram play 42 games. To see... (answered by josmiceli)

Sophia just bought two New York State lottery tickets. The prize this week is twenty and... (answered by jorel1380)

The Price of the top Basketball Shoes is $220. This is 15% less than last year. What was... (answered by stanbon)

Last week a softball team ordered three pizzas and two pitchers of soda after a game, and (answered by jorel555)

The current price of a pound of coffee is 80% of last year�s price. If it now costs $3.00 (answered by rajagopalan)

The record of Mrs. Selsor�s gas purchases during a four-week period is given in the table (answered by TimothyLamb)