Question

The current value of a baseball card is 50 times its original value v (in dollars). The baseball card is worth $62. Write and solve an equation to find the original value of the baseball card
If you could can you please also include the equation.

Answer 1

If the current value of the baseball car is 50 times its original value, its original value will be its current value divided by 50.

Let $v$ represent the current value of the baseball card. We know form our problem that $62 is 50 times the original value, $v$, of the baseball card, so translating this statement to an equation we get:
$62=50v$
$v= \frac{62}{50}$
$v=1.24$

We can conclude that the original value of the baseball card was $1.24.