SOLUTION: The price of a magazine subscription rose 4% this year. IF the subscription now cost $26.00, how much did it cost last year?

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Question 265593: The price of a magazine subscription rose 4% this year. IF the subscription now cost $26.00, how much did it cost last year?
Answer by palanisamy(496) About Me  (Show Source):
You can put this solution on YOUR website!
Let the price of the magazine last year = x
The price of a magazine subscription rose 4% this year.
So the price of the magazine now = x *(104/100)
Given,the subscription now cost $26.00
So, x *(104/100) = 26
x = 26*(100/104)
x = 25 $