After a 9% price reduction, a boat sold for $30,940. What was the boat's price before the reduction? (Round to the nearest cent, if necessary

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A: answer is in next step

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A: We can solve this as follows:

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A: SOLUTION-

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A: Please refer to the image below

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A: Note: given option are not correct . I provide correct solution.

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A: Recall:  Crn=n!r!(n-r)! From given information, n=10, r=2