David howell was shopping for a leather jacket. he found one at the department store that was selling for $395. he learned that an inflation rate of 4.5% has occurred since the jacket was originally priced. what was the original price of the jacket?

David Howell was shopping for a leather jacket and found one on the dept. store that costs 395 dollars.
Now, he learned that an inflation rate of 4.5% has occurred since the jacket was originally priced.
=> 395 dollars * .045 = 17.775
=> 395 dollars - 17.775  = 377.23 is the original price of the jacket.