SOLUTION: A)Caleb bought a coat on sale for 30% off the retail price. If he paid $250, what was the original retail price? B)Colton's investment account was valued at $15,000 but then lost

Algebra ->  Finance -> SOLUTION: A)Caleb bought a coat on sale for 30% off the retail price. If he paid $250, what was the original retail price? B)Colton's investment account was valued at $15,000 but then lost       Log On


   

Question 1128203: A)Caleb bought a coat on sale for 30% off the retail price. If he paid $250, what was the original retail price?
B)Colton's investment account was valued at $15,000 but then lost 19% of its value. What percent increase is needed for the investment account to return to its previous value?
Answer by rapture1965(18) About Me  (Show Source):
You can put this solution on YOUR website!
I will answer A.
100% - 30% = 70%
We can express 70% as 0.70.
250 is what percent of 0.70?
250 = x0.70
250/0.70 = x
357.1428571429 = x
Round to the nearest unit.
x = $357 as the original price.