SOLUTION: The price of a fan is $15. The price is 27% lower than last week. What was the price of the fan last week. Round your answer to the nearest cent.

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: The price of a fan is $15. The price is 27% lower than last week. What was the price of the fan last week. Round your answer to the nearest cent.      Log On


   



Question 1101614: The price of a fan is $15. The price is 27% lower than last week. What was the price of the fan last week. Round your answer to the nearest cent.
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
x=price last week, 27% less is 0.27. Since it is 27% less than 100%, that is 100%-27%=73%, which is 0.73
0.73x=price now=$15
divide by 0.73 both sides
15/0.73=$20.55 price last week ANSWER
Check this
% less is decrease /original amount
this is 5.55/20.55=0.27