Question

The price of bread has increased to 250% of its price 20 years ago. If a loaf of bread costs $2.00 now, how much would it have cost 20 years ago?

Answer 1

Answer:

the answer is $0.57

Step-by-step explanation:

$x + 250x/100 = 2$

on simplifying the LHS we get

$350x/100 = 2$

therefor on simplifying further the answer is,

x = 2*100/250

therefore, x = 0.57

Answer 2

Answer:$0.80

Step-by-step explanation:

dividing both sides of the equation by 2.50: Price 20 years ago = $\frac{$2.00}{2.50}$ Price 20 years ago = $0.80 So, the price of a loaf of bread 20 years ago would have been $\boxed{$0.80}$.