Question

4) when Mrs. Oglethorpe sold her house recently, She received $210,000 for it, This was 40% more than she paid for it 10 years ago, What was the original purchase price?

Answer 1

the original purchase price was:

original purchase= 210,000- 0.4(210,000)=210,000-84,000=126,000

So the final answer will be that she paid $126,000, 10 years ago for her house.

we can check that our answer is correct by adding 126,000+84,000=210,000