SOLUTION: The average price of homes in one neighborhood decreased 4% since last year. If the average price dropped $3,500, what was the average price last year? I know the answer=87500. I

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Question 632298: The average price of homes in one neighborhood decreased 4% since last year. If the average price dropped $3,500, what was the average price last year?
I know the answer=87500. I need help writing an equation.

Answer by Tatiana_Stebko(1539) About Me  (Show Source):