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Colton is a sophomore at Manchester College. Tuition this year cost $6,468\$6,468 per semester, which is 5%5\% more than it was last year. What was last year's tuition price?\newline$\$____

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Full solution

Q. Colton is a sophomore at Manchester College. Tuition this year cost $6,468\$6,468 per semester, which is 5%5\% more than it was last year. What was last year's tuition price?\newline$\$____
  1. Calculate tuition cost: Calculate the tuition cost for last year by using the percentage increase formula: Current Price=Previous Price×(1+Percentage Increase)\text{Current Price} = \text{Previous Price} \times (1 + \text{Percentage Increase}). Here, let xx be the tuition cost last year.
  2. Solve for x: Solve for xx by dividing both sides by 1.051.05.

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