A company reduced the price of an article by 5%. By how much% a retail

1.	A company reduced the price of an article by 5%. By how much% a retailer must increase the new price soas to sell the aritcle at the old price?11,
Answer» 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)%

A company reduced the price of an article by 5%. By how much% a retailer must increase the new price soas to sell the aritcle at the old price?11,

Answer»

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)%