SOLUTION: Property sold for $120,000, 15% more than when it was bought. What was the original cost?

SOLUTION: Property sold for $120,000, 15% more than when it was bought. What was the original cost?

Algebra.Com

Question 47136: Property sold for $120,000, 15% more than when it was bought. What was the
original cost?
Answer by checkley71(8403) (Show Source): You can put this solution on YOUR website!
X*1.15=120000 OR 1.15X=120000 OR X=120000/1.15 OR X=$104347.82
RELATED QUESTIONS
A trader bought a watch and sold it at 30% more than its original cost. How much did the (answered by swincher4391)

What is the probability that a car was sold for more than $23,000? (answered by ikleyn)

Sam bought a painting for $120. He later sold it for $156. What percent of the original... (answered by ikleyn,MathTherapy)

How would you solve the following: A bicycle was sold for 30% more than what was... (answered by )

How would you solve the following: A bicycle was sold for 30% more than what was... (answered by arden42,amalm06)

A lot was sold for $138,000 by an agent. A profit of 15% more than the cost of the lot... (answered by Theo)

Mrs. Jones bought stock valued at $90 a share and sold it for $120. What was the percent... (answered by dcharlequin)

A disk cost $3 more than a tape. Rolex bought 5 disks and two tapes. The total cost was... (answered by ewatrrr)

Janie sold her diamond necklace for $560, which was 12% more than what she originally... (answered by AnlytcPhil,amalm06)