SOLUTION: Mary, the owner of a small gag gift shop, thought that rubber chewing gum would be a big seller. How silly is that? When none of them sold, she cut her prive by 30%. A few weeks l

Algebra ->  Customizable Word Problem Solvers  -> Finance -> SOLUTION: Mary, the owner of a small gag gift shop, thought that rubber chewing gum would be a big seller. How silly is that? When none of them sold, she cut her prive by 30%. A few weeks l      Log On

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Question 440827: Mary, the owner of a small gag gift shop, thought that rubber chewing gum would be a big seller. How silly is that? When none of them sold, she cut her prive by 30%. A few weeks later, she still had only sold a few, so she reduced the price by another 75%. If the gum is now priced at $0.21 each, what was the original price?
Answer by jorel1380(3719) About Me  (Show Source):
You can put this solution on YOUR website!
If the gum is now priced at $0.21 cents, then before:.25x=.21; x=.21/.25=.84.
Similarly, .70x=.84--x=.84/.70=1.20. So the gum originally cost $1.20..