SOLUTION: the price of a magazine subscription rose 4% this year. If the subscription now costs $26, how much did it cost last year?

Question 900785: the price of a magazine subscription rose 4% this year. If the subscription now costs $26, how much did it cost last year?
Found 2 solutions by ewatrrr, swincher4391:
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!

Answer by swincher4391(1107) (Show Source): You can put this solution on YOUR website!
We know that 4% as a decimal is .04 and that makes the multiplier 1+.04 = 1.04. So, if we take 26/1.04, that will discount our $26 by one year. So 26/1.04 = 25.
To check: $25 * .04 = $1
$25 + $1 = $26. Check.
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