SOLUTION: The price of a flight was increased by 3% to £720. What was the price before the increase? Give your answer to the nearest penny.

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Question 1115231: The price of a flight was increased by 3% to £720. What was the price before the increase?
Give your answer to the nearest penny.
Found 2 solutions by addingup, ikleyn:
Answer by addingup(3677) About Me  (Show Source):
You can put this solution on YOUR website!
So 720 is 97% of the previous price
720/0.97 = 742.27

Answer by ikleyn(52794) About Me  (Show Source):
You can put this solution on YOUR website!
.
The price of a flight was increased by 3% to £720. What was the price before the increase?
Give your answer to the nearest penny.
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The correct solution is THIS:


x*(1+0.03) = 720  ====>  x = 720%2F1.03 = 699.03 dollars.


Any other solution and any other answer are   W R O N G.


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On percentage, see the lessons
    - Percentage problems
    - Percentage word problems (Type 1 problems, Finding the Part)
    - Percentage word problems (Type 2 problems, Finding the Rate)
    - Percentage word problems (Type 3 problems, Finding the Base)
    - More complicated percentage problems
    - Problems on percentage that lead to unexpected results
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