The price of a loaf of bread was recently raised 5% to a retail price of $3.57. What was the original price?

Question

Prealgebra answers

Answer 1

   Original price     +     increase      =    retail price

       x                  +     0.05x          =    $3.57  

    {note: 5% may be written as 0.05 or 5/100 as needed by the problem)

    1.05x = $3.57

       x    = $3.57/1.05

      x = $3.40