Blue Tide Swim Shop is having its annual summer sale, when every item in the store gets marked down. During the sale, rashguards sell for $5 less than full price. Miguel purchases 3 rashguards and pays a total of $60.

Which equation can you use to find how much money, f, each rashguard costs at full price?
How much does each rashguard cost at full price?

Let x be the full price of each rashguard.

During the sale, each rashguard sells for $5 less than the full price, so the price during the sale is x - $5.
Miguel purchases 3 rashguards, so he pays a total of 3 * (x - $5) = $60.
Simplifying the equation, we get 3x - $15 = $60.
Adding $15 to both sides of the equation, we get 3x = $75.
Dividing both sides of the equation by 3, we get x = $25.
Therefore, each rashguard costs $25 at full price. Answer: \boxed{25}.