Question

Mara put down 7.5% on the purchase of her new home. If she put down $14.175, find the purchase price of the home

Answer 1

Given:

Mara put down 7.5% on the purchase of her new home.

She put down $14.175.

To find:

The purchase price of the home.

Solution:

Let x be the purchase price of the home.

According to the question,

Put down = 7.5% of the purchase price of the home.

$14.175=\dfrac{7.5}{100}\times x$

$14.175=0.075x$

Divide both sides by 0.075.

$\dfrac{14.175}{0.075}=x$

$189=x$

Therefore, the purchase price of the home is $189.