Register

House sold for $132000. Seller made 10% over original purchase price. What is the original purchase price of house

House sold for $132000. Seller made 10% over original purchase price. What is the original purchase price of house
130k views
2 votes
House sold for $132000. Seller made 10% over original purchase price. What is the original purchase price of house

User Nando
by
8.4k points

1 Answer

6 votes
V (sale value) = $ 132000
P (profit) = 10% on the sale, ie 10/100 * 132000 = 1320000/100 = $ 13200
C (cost) = ?

As:

V = C + P
132000 = C + 13200
C = 132000-13200
C = 118800

Answer:

He paid $ 118800 for the house (Purchase price of house)
User Asa Ayers
by
7.4k points
← Prev Question Next Question →

Related questions

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

How do you can you solve this problem 37 + y = 87; y =
How do you estimate of 4 5/8 X 1/3
A bathtub is being filled with water. After 3 minutes 4/5 of the tub is full. Assuming the rate is constant, how much longer will it take to fill the tub?
Link Copied!