Problema Solution
When Myra solved this problem. She decided to take 10% of $50,000 and she got an answer of $5,000. She knows that this number is too low to be the price of a house. Explain to Myra in your own words how to solve the problem correctly. You may setup the equation any way you'd like to in your explanation, but you must include a variable x that represents the total price of the house in your equation.
Answer provided by our tutors
x = the new price of the house after the reduction of the price by 10%
The old price minus the new price equals 10% of the old price, that is:
50,000 - x = 0.10*50,000
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click here to see the equation solved for x
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x = $45.000
The new price of the house is $45,000.