SOLUTION: Alexis paid $20,700 as a down payment for her new home. If the down payment was 11.5% of the total price of the house, what was the total of the house? Start by defining the unknow

Question 1087478: Alexis paid $20,700 as a down payment for her new home. If the down payment was 11.5% of the total price of the house, what was the total of the house? Start by defining the unknown in terms of a variable; then write and equation based on the information given and show all work you solve the equation.
Answer by ikleyn(52803) (Show Source): You can put this solution on YOUR website!
.

11.5% = 0.115.


Therefore, your equation is

0.115x = 20700.


Hence,  x =  = 180,000 dollars is the total of the house.

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    - Percentage problems
    - Percentage word problems (Type 1 problems, Finding the Part)
    - Percentage word problems (Type 2 problems, Finding the Rate)
    - Percentage word problems (Type 3 problems, Finding the Base)
    - More complicated percentage problems
    - Problems on percentage that lead to unexpected results
in this site.

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