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10 August, 17:25

The price of an item has increased 15% since last year. However, a person can buy the item for a 25% employee discount. The employee pays $172.50. What was the price last year?

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  1. 10 August, 17:29
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    100% - 25% (discount) = 75% (employee's amount)

    $172.5 : 0.75 (75%) = $230

    Increased 15% since last year ...

    $230 x 0.15 (15%) = $34.5

    $230 - $34.5 = $195.5

    Answer: Last year's price is $195.5
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