Due to an increase in taxes on electronic devices, the price of a 46” LED flat TV screen has increased to GHS845, which is a 30% increase from the original price. What was the original price of the TV prior to the increase?
Question
Due to an increase in taxes on electronic devices, the price of a 46” LED flat TV screen has increased to GHS845, which is a 30% increase from the original price. What was the original price of the TV prior to the increase?
Solution
To find the original price of the TV, we need to understand that the new price is 130% of the original price (100% original price + 30% increase).
Step 1: Express the new price as a percentage, which is 130%. So, GHS845 is 130% of the original price.
Step 2: To find 100% (the original price), we can set up a proportion and solve for the original price. Let's denote the original price as X.
So, we have the proportion:
130/100 = 845/X
Step 3: Cross-multiply to solve for X.
130X = 100845
Step 4: Divide both sides by 130 to solve for X.
X = (100*845) / 130
Step 5: Calculate the value of X.
X = GHS650
So, the original price of the TV was GHS650.
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