SOLUTION: A builder of tract homes reduced the price of a model by 15%. If the new price is $425,000, what was its original price? How much can be saved by purchasing the model?

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Question 567567: A builder of tract homes reduced the price of a model by 15%. If the new price is $425,000, what was its original price? How much can be saved by purchasing the model?
Answer by MNSue(6) About Me  (Show Source):
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The original price was $500,000. $75,000 can be saved by purchasing the model.