We are told that $168.00 represents 8% of the contract price; therefore,we know that
original price *( 8/100) = $168.00
Now, writing out "original price" is a bit space-consuming; therefore, we will just rename it and say
original price = OP
Then, our equation above can be written as
[tex]OP\times\frac{8}{100}=168[/tex]We solve for OP (original price) by multiplying both sides by 100 and then dividing by 8. This gives us
[tex]OP=\frac{100}{8}\times168[/tex][tex]\textcolor{#FF7968}{\therefore OP=2100}\text{\textcolor{#FF7968}{.}}[/tex]Hence, the original contract price is $2100.
