Calder's Construction Company has built a home in a new subdivision which was sold 6 months after it was built, for $48,500. This amount reflected a loss of 3%. Knowing this, what was the original asking price on the home?

1 $48,500
2 $50,000
3 $53,000
4 $51,500

Given that Calder's Construction Company has built a home in a new subdivision which was sold 6 months after it was built, for $48,500. This amount reflected a loss of 3%.

Let the original price =100

Loss = 3

Sale price = 97

Hence we get

if sales price is 97, original price = 100

So if sales price is 48500, original price = [tex]\frac{100(48500)}{97} =50000[/tex]

Answer is 50000 dollars

Option 2

Calder's Construction Company has built a home in a new subdivision which was sold 6 months after it was built, for $48,500. This amount reflected a loss of 3%. Knowing this, what was the original asking price on the home? 1 $48,500 2 $50,000 3 $53,000 4 $51,500

Respuesta :

Otras preguntas

Calder's Construction Company has built a home in a new subdivision which was sold 6 months after it was built, for $48,500. This amount reflected a loss of 3%. Knowing this, what was the original asking price on the home?

1 $48,500
2 $50,000
3 $53,000
4 $51,500