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At an auction, a painting sold for $148 500. This was 135% of what it sold for 3 years ago. What was the selling price of the painting 3 years ago? Justify your answer.
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At an auction, a painting sold for $148 500. This was 135% of what it sold for 3 years ago. What was the selling price of the painting 3 years ago? Justify your answer.
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Apr 11, 2018
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At an auction, a painting sold for $148 500. This was 135% of what it sold for 3 years ago. What was the selling price of the painting 3 years ago? Justify your answer.
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Michael Allan
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Answer: $110,000
===================================
If $148,500 is 135% of the original price, you need to find 100/135 of it. (Divide it by 135 to find 1% then multiply it to a hundred to find 100%)
$148,500 x (100/135)
= $ 110,000
MarAja
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Apr 17, 2018
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