Let X = the original price so
($440) = ($X) - (0.12)($X)
440 = X - 0.12X
Now think of X as 1X and write as 1.00X to make it easy to subtract:
440 = 1.00X - 0.12X
Combine the like terms on the right, subtracting like this: 1.00X
-0.12X
0.88X
440 = 0.88X
Divide both sides by 0.88
=
500 = X
So the original price was $500.
Edwin