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4 January, 20:44

House sold for $132000. Seller made 10% over original purchase price. What is the original purchase price of house

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  1. 4 January, 23:03
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    V (sale value) = $ 132000

    P (profit) = 10% on the sale, ie 10/100 * 132000 = 1320000/100 = $ 13200

    C (cost) = ?

    As:

    V = C + P

    132000 = C + 13200

    C = 132000-13200

    C = 118800

    Answer:

    He paid $ 118800 for the house (Purchase price of house)
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