Question

Alexis paid $35,400 as a down payment for her new home. if the down payment was 12% of the total price of the house, what was the total price of the house? start by defining the unknown in terms of a variable; then write an equation based on the information given and show all work as you solve the equation.

Answer 1

Use "price" to represent the total price of the house.

... 35400 = 12%×price . . . . problem statement: 35400 is 12% of the price

... 35400/0.12 = price . . . . convert 12% to decimal, divide by it

... 295,000 = price . . . . . . do the math

The total price of the house was $295,000.