SOLUTION: A house and lot was sold for 8.5 million pesos was 2/3 higher than the original price. What was the original price ?

Algebra ->  Percentage-and-ratio-word-problems -> SOLUTION: A house and lot was sold for 8.5 million pesos was 2/3 higher than the original price. What was the original price ?      Log On


   

Question 1003609: A house and lot was sold for 8.5 million pesos was 2/3 higher than the original price. What was the original price ?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
+8.5+ million was +1+%2B+2%2F3+ times original price
The original price was:
+8.5+%2F+%28%28+1+%2B+2%2F3+%29%29+ million
+8.5+%2F+%28%285%2F3%29%29+
+%283%2F5%29%2A8.5+=+5.1+ million