Question

Mara put down 7.5% on the purchase of her new home. If she put down $14.175, find the purchase price of the home

Answer 1

Given:

Mara put down 7.5% on the purchase of her new home.

She put down $14.175.

To find:

The purchase price of the home.

Solution:

Let x be the purchase price of the home.

According to the question,

Put down = 7.5% of the purchase price of the home.

`14.175=(7.5)/(100)* x`

`14.175=0.075x`

Divide both sides by 0.075.

`(14.175)/(0.075)=x`

`189=x`

Therefore, the purchase price of the home is $189.