The price of a certain bicycle this year is $1325, which is 6 percent greater than the cost of the bicycle last year. What was the price of the bicycle last year?
Choose the correct option:	A) $1150	B) $1175	C) $1200	D) $1225	E) $1250
The price of the bicycle last year was $1325/1.06= 
<gadget id="calculator">1325/1.06</gadget>
<output>1_250</output>
$1250   The answer is $1250.
<result>E</result>
The price of a certain bicycle this year is $1325, which is 6 percent greater than the cost of the bicycle last year. What was the price of the bicycle last year?