SOLUTION: Amy paid $86.14 for a pair of running shoes during a 20%-off sale. What was the regular price?(round to the nearest cent if necessary)

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Question 346267: Amy paid $86.14 for a pair of running shoes during a 20%-off sale. What was the regular price?(round to the nearest cent if necessary)
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
Hi,
Let P be the regular price. 20%-off can be written as .80(of the regular price)
.
The question states the following to be true:
.
.80*P = $86.14 Divide both sides of the equation by .80
.
P = $+highlight%28107.68%29