SOLUTION: The price of a magazine subscription rose 5% this year. If the subscription now costs $21, how much did the subscription cost last year?
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Question 145542: The price of a magazine subscription rose 5% this year. If the subscription now costs $21, how much did the subscription cost last year? Answer by 24HoursTutor.com(40) (Show Source):
You can put this solution on YOUR website! Price of magazine subscription last year = x
Percent increase = 5% of x = .05x
New Price = x+ .05x
Now subscription cost = 21 $
So,
x + .05x = 21
1.05x = 21
x = 21/1.05
= 20
Ans. : The subscription cost $20 last year.
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