SOLUTION: Mr. Barr sold his house for $12,000. How much did the house cost him if his loss was 1/3 of the cost?

SOLUTION: Mr. Barr sold his house for $12,000. How much did the house cost him if his loss was 1/3 of the cost?

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Question 648659: Mr. Barr sold his house for $12,000. How much did the house cost him if his loss was 1/3 of the cost?
Answer by MathGeek87(9) (Show Source): You can put this solution on YOUR website!
cost =x
sold by =y
y=x-1/3
y=(2/3)x
x=3*12000/2=3*6000=18000
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