SOLUTION: If Ms. Miller is selling merchandise that is 125% of last year's cost and that cost was $2.00. Would I be wrong to divide $2.00 by 1.25 to find out this year's cost? Please help b

Algebra ->  Percentages: Solvers, Trainers, Word Problems and pie charts -> SOLUTION: If Ms. Miller is selling merchandise that is 125% of last year's cost and that cost was $2.00. Would I be wrong to divide $2.00 by 1.25 to find out this year's cost? Please help b      Log On


   

Question 19582: If Ms. Miller is selling merchandise that is 125% of last year's cost and that cost was $2.00. Would I be wrong to divide $2.00 by 1.25 to find out this year's cost? Please help because I'm confused!!!
Answer by xcentaur(357) About Me  (Show Source):
You can put this solution on YOUR website!
Let the cost be $100 last year.
Then this years cost is $125.


Last year the cost was $2
This year it will be...?


Let the unknown cost be x
So we get,
100%2F125=2%2Fx
x=%28125%2F100%29%2A2
x=$2.5


-Prabhat