Are the two problems that follow solved in the same way? Are the answers the same? Solve both by using a percent table, compare your solutions and discuss any difference.  A television that originally cost $500 is marked down by 25%. What is its new price? Last week a store raised the price of a television by 25%. The new price is $500. What was the old price?

Elementary Algebra
17th Edition
ISBN:9780998625713
Author:Lynn Marecek, MaryAnne Anthony-Smith
Publisher:Lynn Marecek, MaryAnne Anthony-Smith
Chapter3: Math Models
Section3.2: Solve Percent Applications
Problem 3.34TI: Solve. Round to the nearest whole percent. The mix Ricardo plans to use to make brownies says that...
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Are the two problems that follow solved in the same way? Are the answers the same? Solve both by using a percent table, compare your solutions and discuss any difference. 

  1. A television that originally cost $500 is marked down by 25%. What is its new price?

  2. Last week a store raised the price of a television by 25%. The new price is $500. What was the old price?

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