Question

When Marika bought her house she paid 80% of the purchase price of the house with a loan. She paid the remaining 49,400 of the purchase price with her savings. What was the purchase price of her house?

Answer 1

Let

x-----> the purchase price of the house

we know that

1) Marika paid $80\%$ of the purchase price of the house with a loan

2) Marika paid the remaining $\ 49,400$ of the purchase price with her savings

3) $\ 49,400$ represent the $20\%$ of the purchase price

so

$0.20x=49,400$

Solve for x

Divide by $0.20$ both sides

$0.20x/0.20=49,400/0.20$

$x=247,000$

therefore

the answer is

the purchase price of the house is $\ 247,000$