Answer:
The camera is sold for $ 59.26.
Step-by-step explanation:
From the statement we understand that the new price of the camera ([tex]C'[/tex]) is calculated by:
[tex]C' = \frac{C_{o}}{\left(1+\frac{r}{100} \right)}[/tex] (1)
Where:
[tex]C'[/tex] - Price after increase, measured in US dollars.
[tex]r[/tex] - Increase rate, expressed in percentage.
If we know that [tex]C_{o} = 80\,USD[/tex] and [tex]r = 35[/tex], then the new price of the camera is:
[tex]C' = \frac{80\,USD}{1+\frac{35}{100} }[/tex]
[tex]C' = 59.26\,USD[/tex]
The camera is sold for $ 59.26.
