Question

If this represents 12% of the price of the home find the price of the home

Answer 1

ANSWER:

$ 165,000

STEP-BY-STEP EXPLANATION:

We can calculate the price of the house using the following proportion:

Let x be the price of the house,

$\frac{19800}{12}=\frac{x}{100}$

We solve for x:

$\begin{gathered} x=\frac{19800\cdot100}{12} \\ x=165000 \end{gathered}$

The price of the house is $ 165,000