SOLUTION
An item is worth $240 now
This is after a 70% decrease
Let the Original worth = P
[tex]100-70=30[/tex]Therefore
[tex]\begin{gathered} 30\text{ \% of P=240} \\ 0.3P=240 \\ p=\frac{240}{0.3} \\ p=800 \end{gathered}[/tex]Therefore the original worth = $800
