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The price of an American Airlines ticket to Boston increased to $600. This is a 15% increase. What was the old fare? (Round to nearest cent.)
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600/1.15
I'm Trying to help my daughter with her math and haven't done this in a very long time so I take 600 divide it by 1.15
Let x = old fare New fare is $600, so the difference is 600 - x Divide this by the old fare (x) and set this equal to 0.15 which represents 15% so we have \[\Large \frac{600-x}{x} = 0.15\]
if you calculate 600/1.15, you get the same answer as you would if you solved \[\Large \frac{600-x}{x} = 0.15\] for x
So the Awnswer would be 521.73913 rounded to the nearest cent would be 521.74
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