SOLUTION: The price is now $500. What was the original price if the discount is 4%?

Question 154950: The price is now $500. What was the original price if the discount is 4%?
Found 2 solutions by oscargut, checkley77:
Answer by oscargut(2103) (Show Source): You can put this solution on YOUR website!
Let x the original price
then x(0.96)=500
then x=500/0.96= 520.8333
Answer by checkley77(12844) (Show Source): You can put this solution on YOUR website!
500/(1-.04)=500/.96=$520.83 IS THE ORIGINAL PRICE
PROOF:
520.83(1-.04)=520.83*.96=$500
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