Question 981344: Two lots are purchased for $375,000. One lot costs 25% less than the other. What did each lot cost? Found 2 solutions by macston, MathLover1:Answer by macston(5194) (Show Source):
You can put this solution on YOUR website! .
x=cost of more expensive lot; 0.75x=other lot
.
x+0.75x=$375,000
1.75x=$375,000
x=$214285.71 ANSWER 1: The higher priced lot was $214285.71
.
Total-expensive lot=other lot
$375,000-$214285.71=$160714.29 ANSWER 2: The lower priced lot was $160714.29
.
CHECK:
One lot cost 25% less.
$214285.71-(($214285.71)(0.25))=$214285.71-$53571.43=$160714.28
You can put this solution on YOUR website! Two lots are purchased for $375,000. One lot costs 25% less than the other. What did each lot cost?
let lot cost be , then the other lot cost is
if both lots are purchased for $, then we have
$
$
$
$
$
$
so, the cost of the one lot is:
$ or rounded
$
and the other lot:
$ or rounded
$
check:
$
or
$
