SOLUTION: This years price for a certain car is 25% higher than last years price of $8800. What percent of this years price is last years price?

Question 246167: This years price for a certain car is 25% higher than last years price of $8800. What percent of this years price is last years price?
Found 2 solutions by dabanfield, raveen001:
Answer by dabanfield(803) (Show Source): You can put this solution on YOUR website!
This years price for a certain car is 25% higher than last years price of $8800. What percent of this years price is last years price?
Let P be last year's Price.
Then (1.25)*P is this year's price.
The required percent then is P/((1.25)*P) = 8800/((1.25*P)

Answer by raveen001(1) (Show Source): You can put this solution on YOUR website!

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