A magazine advertises its $12 annual subscription price as 70% off the newsstand price. What is the number of dollars per year a reader would spend if the magazine were purchased at the newsstand price?
12 = .30 P
P = 12/.3 = 120/3 = $40
Thanks again, I understand it now.
To find out the newsstand price, we need to determine the original price before the 70% discount.
Let's assume the newsstand price is represented by "x."
According to the information provided, the annual subscription price of $12 is 70% off the newsstand price.
Hence, we can say that 70% of x equals $12:
0.70x = $12
To find the original price (x), we can divide both sides of the equation by 0.70:
x = $12 / 0.70
Using a calculator, we can compute:
x ≈ $17.14
Therefore, if the magazine were purchased at the newsstand price, a reader would spend approximately $17.14 per year.
To find the newsstand price, we need to determine what the actual price is with the 70% discount applied.
We start by understanding that the annual subscription price is $12, which is said to be 70% off the newsstand price. This means that $12 represents 30% of the newsstand price.
To find the newsstand price, we can set up a proportion using percentages and cross-multiplication. We know that:
$12 is to 30% as X (newsstand price) is to 100%
30% can be written as a decimal value by dividing 30 by 100, which gives 0.3. Now we have:
$12/0.3 = X/1
To solve for X, we divide $12 by 0.3:
X = $12/0.3 = $40
Therefore, the newsstand price of the magazine is $40.