SOLUTION: A man bought a house and had some renovations done. The renovations cost 16 of the price of the house. He paid $980 000 for the house and the renovations. What was the price of t

Question 1066398: A man bought a house and had some renovations done. The renovations cost 16 of the price of the house. He paid $980 000 for the house and the renovations. What was the
price of the house?

Answer by Theo(13342) (Show Source): You can put this solution on YOUR website!
renovations were 16% of the price of the house.

he paid 980,000 for the house and the renovations.

what was the price of the house.

let x = the price of the house.

x + .16 * x = 980,000

factor out the x to get 1.16 * x = 980,000

solve for x to get x = 980,000 / .16 = 844,827.5862.

i'm assuming you meant 16% of the price of the house.

if not, then the solution could be different.
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