Answer:
The original price was [tex]\$40[/tex]
Step-by-step explanation:
Let
x------> the original price
we know that
[tex]100\%-5\%=95\%[/tex]
[tex]95\%=\frac{95}{100}=0.95[/tex]
The equation that represent the situation is equal to
[tex]0.95x=38[/tex]
Solve for x
Divide by [tex]0.95[/tex] both sides
[tex]0.95x/0.95=38/0.95[/tex]
[tex]x=38/0.95=\$40[/tex]
