SOLUTION: What are the steps in solving the following type of word problems?: Due to increased mailing costs, the new rate will cost publishers $50 million; this is 12.5% more than they p

Question 273147: What are the steps in solving the following type of word problems?:
Due to increased mailing costs, the new rate will cost publishers $50 million; this is 12.5% more than they paid the previous year. How much did it cost publishers last year? {Nearest hundredths}
drcarter@richland.edu
Thank you
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
Let = what they paid the previous year in millions
given:
The difference between 50 million and what they paid
the previous year is:

---------------
The next step is to write this as an equation:

million

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