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Percentages question

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Explorer-8 | 17:30 Fri 06th Nov 2009 | Quizzes & Puzzles
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What is the quickest way to calculate this question - If an item costing £500 had been reduced by 60% in price, what was its original price?
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I would do it by saying that 500 is 40% of the price. So divide 500 by 4 to get 10% - 125.
Multiple by 10 to get 100% - 1,250

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