SOLUTION: After a 20% price increase, the new price of a jacket is $78. What was the jacket's original price?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: After a 20% price increase, the new price of a jacket is $78. What was the jacket's original price?       Log On


   

Question 697459: After a 20% price increase, the new price of a jacket is $78. What was the jacket's original price?
Found 2 solutions by jim_thompson5910, josmiceli:
Answer by jim_thompson5910(35256) About Me  (Show Source):
You can put this solution on YOUR website!
Let x = original price

x + 20% of x = 78

x + 0.2 * x = 78

x + 0.2x = 78

1.2x = 78

x = 78/1.2

x = 65

So the original price was $65

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let +x+ = the original price
given:
+x+%2B+.2x+=+78+
+1.2x+=+78+
+x+=+78%2F1.2+
+x+=+65+
The original price was $65