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?

Algebra ->  Customizable Word Problem Solvers  -> Misc -> 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?      Log On

Ad: Over 600 Algebra Word Problems at edhelper.com


    

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) About Me  (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