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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
represent the current value of the baseball card. We know form our problem that $62 is 50 times the original value, , of the baseball card, so translating this statement to an equation we get:
We can conclude that the original value of the baseball card was $1.24.
Let
We can conclude that the original value of the baseball card was $1.24.
Answer:
18%
Step-by-step explanation:
Since the original price is $78 then this is the original 100% of the price. The new price will be marked up x percent and be $92. To find the new price set up a proportion with these values:
Solve for the original price by cross multiplying numerator with denominator.
x(78) = 92(100)
78x = 9200
x= 117.9 = 118%
This is 18% more or over the original price.