A HOUSE SOLD FOR $64,900. IF THE SELLING PRICE REPRESENTS A 25% PROFIT OVER THE PURCHASE PRICE,WHAT WAS THE PURCHASE PRICE?
2007-05-24 09:15:30 · 8 answers · asked by Ash smith 1 in Science & Mathematics ➔ Mathematics
Let x = purchase price
64900/x = 1.25
1.25 x = 64900
x =$51,920 is the purchase price
.
2007-05-24 09:19:22 · answer #1 · answered by Robert L 7 · 1⤊ 0⤋
the purching price = 100%
the profit = 25 %
the selling price = 125%
so the purching price = 64900x 100/125
= $51920
2007-05-24 09:21:59 · answer #2 · answered by muhamed a 4 · 0⤊ 0⤋
51,920 was the purchase price
$64,900/1.25 = 51,920
2007-05-24 09:20:56 · answer #3 · answered by Megan L. 2 · 0⤊ 0⤋
1.25 * x = 64900
x = 64900 / 1.25
x = $51920
2007-05-24 09:21:08 · answer #4 · answered by mark r 4 · 0⤊ 0⤋
51,920 dollars
2007-05-24 09:21:16 · answer #5 · answered by DTT1166 2 · 1⤊ 0⤋
$51,920
2007-05-24 09:20:26 · answer #6 · answered by Anonymous · 0⤊ 0⤋
48625
2007-05-24 09:19:34 · answer #7 · answered by Anonymous · 0⤊ 2⤋
$16,225
2007-05-24 09:19:29 · answer #8 · answered by Anonymous · 0⤊ 3⤋