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Answer:
$960
Step-by-step explanation:
Let the original amount be = x
Percentage increase is equal to = 12.5%
final amount = original amount + increase
final amount = x + 0.125x
final amount = 1.125x
final amount = 1080 = 1.125x
and then solve for x
so in the end x is equal to $960
Solve the equation: 1080 = 1.25x