SOLUTION: John�s mutual fund has dropped by 15% from last month to this month. If his fund is worth $7,000 this month, how much was his fund worth last month?

SOLUTION: John�s mutual fund has dropped by 15% from last month to this month. If his fund is worth $7,000 this month, how much was his fund worth last month?

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Question 716767: John�s mutual fund has dropped by 15% from last month to this month. If his fund is worth $7,000 this month, how much was his fund worth last month?
Answer by checkley79(3341) (Show Source): You can put this solution on YOUR website!
X-.15X=7,000
.85X=7,000
X=7,000/.85
X=$8,235.29 ANS.
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