SOLUTION: The price of an item that sold for $240 was reduced by 33 1/3%. By what percent must the price of the item be increased to bring the price back to $240?

Question 1026453: The price of an item that sold for $240 was reduced by 33 1/3%. By what percent must the price of the item be increased to bring the price back to $240?
Answer by josmiceli(19441) (Show Source): You can put this solution on YOUR website!
The price really doesn't matter, so
I'll just say it is
I'll convert the % to equivilant fraction
It was sold for
-----------------------------------
Let = the fraction to factor by
Now you want:

Divide both sides by

------------------
So I have:

So, must be increased by or 50%
to get back to ( which is $240 in this case )

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