document.write( "Question 721100: A company reduced the price of an article by 5%.by what per cent a retailer must increase the new price so as to sell the article at the old price ? \n" ); document.write( "
Algebra.Com's Answer #442195 by stanbon(75887)![]() ![]() ![]() You can put this solution on YOUR website! A company reduced the price of an article by 5%.by what per cent a retailer must increase the new price so as to sell the article at the old price ? \n" ); document.write( "----- \n" ); document.write( "Let original price be \"x\": \n" ); document.write( "After reduction: 0.95x \n" ); document.write( "------ \n" ); document.write( "Solve: \n" ); document.write( "k(0.95x) = x \n" ); document.write( "0.95k = 1 \n" ); document.write( "k = 1/0.95 = 1.0526 \n" ); document.write( "------- \n" ); document.write( "Ans: Increase price by 5.26% \n" ); document.write( "=============================== \n" ); document.write( "Cheers, \n" ); document.write( "Stan H. \n" ); document.write( "======================== \n" ); document.write( " |