Mark M. answered 08/26/18
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Mathematics Teacher - NCLB Highly Qualified
p represents the original price
5% = 0.05
A reductions of 20% means 80% of the price remains
80% = 0.80
(p + 0.05p)(0.08) = $15.54
(1.05p)(0.80) = $15.54
0.84p = $15.54
p = $18.50
Check
(1.05)(18.50) = 19.425
(19.425)(0.80) = 15.54