Aloysius finds that the price of his favourite pecan pie has gone up 225% in one year. If the pie now costs $26.00, what did it cost a year ago?
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Given :
The cost of pecan pie = $ 26.00
Increase in percentage in price = 225%
To find :
The cost of pecan pie a year ago .
Solution :
Let the initial price be X .
then , price after n years = X *
then , price after 1 year ( our current year according to the question )
→ 26 = X * ( 325 / 100 )
→ X = ( 26 * 100) / 325
→ X = 8
The cost of pecan pie a year ago was $ 8.00 .
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