Question

Jade bought a home for $129,500. She sold it fifteen years later for $9000 less than twice the amount she originally purchased for. Find the percent change in the purchase price of her home

Answer 1

See below

Explanation:

129 500 original price

selling price = 2 ( 129 500) - 9000 = 250 000

% change Questions worded like this are often up for debate as to exactly answer the question

250 000 / 129 500 = 193 % Selling price was 193% of original price

(250 000 - 129500)/ 129500 = 93 % INCREASE