SOLUTION: A builder of tract homes reduced the price of a model by 15%. If the new price is $425,000, what was it's original price? How much can be saved by purchasing thr model?

Algebra ->  Algebra  -> Customizable Word Problem Solvers  -> Numbers -> SOLUTION: A builder of tract homes reduced the price of a model by 15%. If the new price is $425,000, what was it's original price? How much can be saved by purchasing thr model?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com
Ad: Algebra Solved!™: algebra software solves algebra homework problems with step-by-step help!
Ad: Algebrator™ solves your algebra problems and provides step-by-step explanations!

   

Question 100098This question is from textbook Sullivan College Algebra
: A builder of tract homes reduced the price of a model by 15%. If the new price is $425,000, what was it's original price? How much can be saved by purchasing thr model?This question is from textbook Sullivan College Algebra

Answer by stanbon(48558) About Me  (Show Source):
You can put this solution on YOUR website!
A builder of tract homes reduced the price of a model by 15%. If the new price is $425,000, what was it's original price? How much can be saved by purchasing thr model?
-----------------
Let the original price be "x".
EQUATION:
x - 0.15x = 425,000
0.85x = 425,000
x= $500,000
Cheers,
Stan H.