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?

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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(75887) 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?
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Let the original price be "x".
EQUATION:
x - 0.15x = 425,000
0.85x = 425,000
x= $500,000
Cheers,
Stan H.