SOLUTION: A builder of tract homes reduced the price of a model by 15%. If the new price is $170,000, what was its original price? How much can be saved by purchasing the model?

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Question 559519: A builder of tract homes reduced the price of a model by 15%. If the new price is $170,000, what was its original price? How much can be saved by purchasing the model?
Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
Let the original price = p
given:
+p+-+.15p+=+170000+
+.85p+=+170000+
+p+=+170000%2F.85+
+p+=+200000+
The original price was $200,000
By purchasing the model,
+200000+-+170000+=+30000+
$30,000 is saved