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Let x = Initial Price
If we increase x by 5%, we are adding 0.05x
Therefore, the new price = x + 0.05x = 1.05x
If the ticket has increased by £2.30, £2.30 is 5% of the initial price, or 0.05x
0.05x = 2.30
x = 2.30/0.05
x = 46
Therefore, the price of the ticket before the increase was £46
You can also check this backwards by doing 46*0.05 = 2.30
The second equation, its setup is correct
