Question

A house costs $102,600 after an increase of 8% in house prices.What was the original cost of the house

Answer 1

Answer:

$x*\frac{108}{100} = 102,600\\108x=10,260,000\\x=\frac{10,260,000}{108} \\x=95,000$

Step-by-step explanation:

Original Price = ?

New Price = $102,600

Original Percentage = 100%

New Percent. = 100+8 =108%

let x be the original price

x is multiplied by the new percentage to give the new price

we can now clear the fraction by multiply every thing by 100

then we divide both sides by 108

and then x is now equals to 95,000