SOLUTION: How would you solve the following: A bicycle was sold for 30% more than what was originally paid for it. It was sold for $104. How was the bike originally bought for?

Question 590: How would you solve the following:
A bicycle was sold for 30% more than what was originally paid for it. It was sold for $104. How was the bike originally bought for?
Found 2 solutions by arden42, amalm06:
Answer by arden42(16) (Show Source): You can put this solution on YOUR website!
If x is the original price, then (since 30% is 0.3) we know that:

Multiply by 10 to get rid of decimals:

Divide by 13:

The bike was originally bought for $80.
Answer by amalm06(224) (Show Source): You can put this solution on YOUR website!
Let x denote the original price.
A 30% increase is equivalent to 1.30.
Then x*1.30=104
x=$80 (Answer)
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