A product is sold for $300 after a discount of 30%. What was the original price?

A product is sold for $300 after a discount of 30%. What was the original price?

Step 1: Understand that the product is sold for $300 after a discount of 30%.
Step 2: Let the original price be represented by 'x'.
Step 3: A 30% discount means the customer pays 70% of the original price.
Step 4: Write the equation for the selling price after the discount: 0.70 * x = $300.
Step 5: To find 'x', divide both sides of the equation by 0.70: x = $300 / 0.70.
Step 6: Calculate $300 divided by 0.70, which equals approximately $428.57.
Step 7: Round $428.57 to the nearest whole number, which is $429.

Percentage Discount – Understanding how to calculate the original price from a selling price after a percentage discount.
Algebraic Manipulation – Setting up and solving equations to find unknown variables.