The result is $15,625
The full price represents 100%. A local college bookstore spent $12,500, which equates to 80% of the full price as this reflects a 20% discount (100% - 20% = 80%).
Now, let’s set up a proportion.
If $12,500 corresponds to 80% of the full price, what is the full price (100%):
$12,500: 80% = x: 100 %
x = $12,500 · 100% ÷ 80% = $15,625
=3400(1+0.0825/1)^1*25
=3400(1.0825)^25
=3400(7.2560058)
=24670.41
Hope this assists!!!
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