We'll use the variable x to represent last year's price. First, we have to set up an equation:
We get this equation because $13.25 is 6% MORE than last year's price, meaning we need to add the original price to the increase. Next, we combine like terms and solve for x:
Last year's price was $12.50.
Hope this helps!
We get this equation because $13.25 is 6% MORE than last year's price, meaning we need to add the original price to the increase. Next, we combine like terms and solve for x:
Last year's price was $12.50.
Hope this helps!