A two wheeler manufacturer reduce the price of a scooter by 5% . By how much a retailer must increase the new price so as to sell the scooter at the old price ?
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Since the 5% discount, the new price is 0.95 of the old price.
If x is the original price, new is .95x.
So just divide by .95 to get x.
1/.95 = 1.053, or 5.3%.
To be exact, it's (20/19)%
Step-by-step explanation:
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