Question 342372
How do I create an algebraic formula for:
The total cost of a lot and house is $154,000. The cost of constructing the house is 7 times the cost of the lot. What is the cost of the lot? 
We are having trouble getting verbal expression into an algebraic one to calculate these types of problems.
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Equations:
L + H = 154000
H = 7L
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Substitute for "H" and solve for "L":
L+7L = 154000
8L = 154000
L = $19.250 (cost of the lot)
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Cheers,
Stan H.