Question 1135064
he listed the property for 160% more than he paid for it.


so, if the property cost him x dollars, then he listed it for x + 1.6 * x = 2.6 * x.


he sold it for 12.5% less than the listed price.


this means he sold it for 2.6 * x - .125 * 2.6 * x = 2.275 * x.


since he sold it for 191,100, then 2.275 * x = 191,100.


solve for x to get x = 191,100 / 2.275 = 84,000.


to confirm, work your way back up.


he bought the house for 84,000.


he listed it for 160% more than he paid for it.


that means he listed it for 84,000 plus 1.6 * 84,000 = 218,400.


he eventually sold it for 12.5% less than the list price.


218,400 minus .125 * 218,400 = 191,100.


solution checks out ok.


solution is that the owner paid 84,000 for the property.