Chapter 8 Real Estate Math

Question 1

A house sold for 345,000 which was less than the cost of the house. The original cost of the house was most nearly ?

Answer 1

100% 345,000
+9%
109%

345,000/1.09

Answer 316,513.76

Question 2

A house sold for 345,000 which was 9% less than the cost of the house. The original cost of the house was most nearly?

Answer 2

100% = $345,000
+9%
109%

345,000x1.09%