Problema Solution
) Alexis paid $20,000 as a down payment for her new home. If the down payment was 10.5% of the total price of the house, what was the total price of the house?
Answer provided by our tutors
Let 'x' represent the total price of the house.
10.5% of x equals the down payment of $20,000 or:
0.105x = 20,000
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click here to see the equation solved for x
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x = $190,476.19
The total price of the house was $190,476.19.