SOLUTION: In 2011, the price of a business math text rose to $101. This is 4% more than the 2010 price. What was the old selling price?

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Question 790467: In 2011, the price of a business math text rose to $101. This is 4% more than the 2010 price. What was the old selling price?
Answer by Cromlix(4381) About Me  (Show Source):
You can put this solution on YOUR website!
104% = $101
1% = 101/104
= 0.9711
100% = 0.9711 * 100
= $97.11
The old selling price.
Hope this helps.
:-)