Ask Question
20 June, 06:13

You have listed a house for $197,800. If the house sells for the listed price, the seller will make a profit of 15%. What price did the seller pay for the house?

+4
Answers (1)
  1. 20 June, 06:26
    0
    Answer: $168,130

    Explanation: selling price = $197,800

    Percentage profit = 15%

    Profit = 15/100 * 197,800

    Profit = 0.15 * 197,800

    Profit = $ 29,670

    But profit = selling price - cost price.

    Hence, cost price = selling price - profit

    Cost price = 197, 800 - 29,670

    Cost price = $168,130

    Cost price is the price the seller paid for the house
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “You have listed a house for $197,800. If the house sells for the listed price, the seller will make a profit of 15%. What price did the ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers