Answer:
$2.81
Step-by-step explanation:
1.25 is 100% of the price
125% + 100% = 225%
x = price by august
x = 225% (1.25)
225% = 2.25
2.25(1.25) = 2.8125 ≈ $2.81
Another way to see it:
[tex]\frac{1.25}{x}[/tex] = [tex]\frac{100}{225}[/tex]
225(1.25) / 100 = 2.8125
