SOLUTION: Baseball hats are on sale for 12% off. If the sale price is 12.50, what was the original price? Round to nearest cent. I can not figure out how to set this up.

Question 826269: Baseball hats are on sale for 12% off. If the sale price is 12.50, what was the original price? Round to nearest cent.
I can not figure out how to set this up.
Answer by TimothyLamb(4379) (Show Source): You can put this solution on YOUR website!
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p(1 - 0.12) = 12.50
p = 12.50/(1 - 0.12)
p = 14.204545454545455
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answer:
original price = 14.21
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