The new price is $480,000 and it is reduced of a model by 25%. We can find the original price using proportions:$ x --------------------100%$480,000 ----------- 75%x : 480,000 = 100 : 7575 x = 48,000,000x = 48,000,000 : 75x = $640,000$640,000 - $480,000 = $160,000Answer: The original price was $640,000 and $160,000 can be saved.
