SOLUTION: The current price of sugar is $5, which is 25% more than it used to be. What is the previous price?

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: The current price of sugar is $5, which is 25% more than it used to be. What is the previous price?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

Question 858356: The current price of sugar is $5, which is 25% more than it used to be. What is the previous price?
Answer by checkley79(3341) About Me  (Show Source):
You can put this solution on YOUR website!
1.25X=5.00
X=5/1.25
X=$4.00 ANS. FOR THE PREVIOUS PRICE.