SOLUTION: A family paid $19,800 as a down payment for a home. If this represents 12% of the price of the home, find the price of the home.

Question 818376: A family paid $19,800 as a down payment for a home. If this represents 12% of the price of the home, find the price of the home.
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
A family paid $19,800 as a down payment for a home. If this represents 12% of the price of the home, find the price of the home.
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Let the price of the home be "x":
Equation:
0.12x = 19800
x = 19800/0.12
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x = $165,000
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Cheers,
Stan H.
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