After a 16% increase, the price of a pair of running shoes is $40.60, what was the old price of the shoes?

Yes, $35.

35$

1.16p = 40.60

35?

To find the old price of the shoes, we need to first determine the value before the 16% increase.

Let's assume the old price as 'x'.

Since the price increased by 16%, the new price is 100% + 16% = 116% of the old price.

So we can set up the following equation:

116% of x = $40.60

To solve for x, we need to convert 116% to decimal form by dividing it by 100:

1.16x = $40.60

Now, we can isolate x by dividing both sides of the equation by 1.16:

x = $40.60 / 1.16

Evaluating the expression:

x ≈ $35

Therefore, the old price of the running shoes was approximately $35.