Question 1087225: my house price is 40,000. but it is less than 20% of market price . what is market price.
Answer by mathmate(429)   (Show Source):
You can put this solution on YOUR website! Question:
my house price is 40,000. but it is less than 20% of market price . what is market price.
Solution:
I assume from context that "it is less than 20% of market price" means the price is 20% less than market, and not less than 20% of market.
If the literal interpretation is true, adjust accordingly.
"20% less than market" => it is 80% of market.
Proportion is our best friend!
40,000 : 80%
x : 100%
Cross multiply and solve for x:
x=40,000*100/80
=50,000 = market price
Market price is $50,000
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