Question

The price of a flight was increased by 3% to £720. What was the price before the increase?
Give your answer to the nearest penny.

Answer 1

Step-by-step explanation:

let the price be x before increased.

After it is increased then it becomes 1.03x

i.e. 1.03x= 720

x=699.03 which is the price after it is increased.

Answer 2

The question is an illustration of percentage increase, and the price before the increase is £699

How to determine the initial price?

The given parameters are:

Initial = x

Rate = 3%

New price = £720

The equation of the initial price is:

x * (1 + rate) = New price

So, we have:

x * (1 + 3%) = 720

Evaluate the sum

x * 1.03 = 720

Divide both sides by 1.03

x = 699

Hence, the price before the increase is £699

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