Let P be the original price.
Since $268 is 33% less than the original price, then $268 is equal to 67% of the original price:
[tex]268=\frac{67}{100}\times P[/tex]Then:
[tex]\begin{gathered} P=\frac{100}{67}\times268 \\ =400 \end{gathered}[/tex]Therefore, the original price was $400.