Question

Stewart Real Estate is a national real estate company that sells houses across the country. This year, Stewart Real Estate sold 3806 homes. This turns out to be 73% more than they sold last year. How many homes did they sell last year?

Answer 1

You can solve this problem by using the equation
`(F)/(1+P) = I`, where

• F is the final amount
• P is the percent in decimal form
• I is the initial amount

*this is a different version of the percent change equation*

You have been given the final amount of homes Stewart Real Estate has sold, meaning F= 3806

You have also been given the percent in the problem. 73% in decimal form is 0.73 which will be P in the equation

Now, you have to plug in your information

`(3806)/(1+0.73) =I`

`(3806)/(1.73) =I`

Use your calculator to solve!

`I`, or homes sold last year= 2199