SOLUTION: The price of a product is reduced by 12%. By what percentage must the sales grow, if the profit should be the same? plz help

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Question 370347: The price of a product is reduced by 12%. By what percentage must the sales grow, if the profit should be the same?
plz help
Answer by amoresroy(361) About Me  (Show Source):
You can put this solution on YOUR website!
The price of a product is reduced by 12%. By what percentage must the sales grow, if the profit should be the same?
1.00/(1.00-.12) = 1.1364
The sales must grow by 13.64%