SOLUTION: In 2011, the price of a business math text rose to $101. This is 4% more than the 2010 price. What was the old selling price?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: In 2011, the price of a business math text rose to $101. This is 4% more than the 2010 price. What was the old selling price?      Log On


   

Question 790456: In 2011, the price of a business math text rose to $101. This is 4% more than the 2010 price. What was the old selling price?
Answer by Cromlix(4381) About Me  (Show Source):
You can put this solution on YOUR website!
104% = $101
1% = 101/104
= 0.971
100% = 0.971 * 100
100% = $97.10
The old selling price.
Hope this helps.
;-)