SOLUTION: The total value of a house and a lot is $68,000. If the ratio of the value of the house to the value of the lot is 7 to 1, find the value of the house.

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Question 56495This question is from textbook Algebra for college students
: The total value of a house and a lot is $68,000. If the ratio of the value of the house to the value of the lot is 7 to 1, find the value of the house.
This question is from textbook Algebra for college students

Answer by AgusKwan(7)   (Show Source): You can put this solution on YOUR website!
House:Lot = 7:1 --> Total 8 part.
House+Lot=$68,000 --> Total 8 part --> 1part=$6,000
Value of the house $6,000 * 7 = $42,000

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