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# The selling price of a house was decreased by 12 percent to \$220,000.

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Math Expert
Joined: 02 Sep 2009
Posts: 58352
The selling price of a house was decreased by 12 percent to \$220,000.  [#permalink]

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30 Oct 2018, 03:11
00:00

Difficulty:

15% (low)

Question Stats:

76% (01:12) correct 24% (01:34) wrong based on 37 sessions

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The selling price of a house was decreased by 12 percent to \$220,000. What was the original selling price of the house?

A. \$193,600
B. \$196,429
C. \$221,200
D. \$246,400
E. \$250,000

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Director
Joined: 19 Oct 2013
Posts: 520
Location: Kuwait
GPA: 3.2
WE: Engineering (Real Estate)
Re: The selling price of a house was decreased by 12 percent to \$220,000.  [#permalink]

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30 Oct 2018, 12:26
Bunuel wrote:
The selling price of a house was decreased by 12 percent to \$220,000. What was the original selling price of the house?

A. \$193,600
B. \$196,429
C. \$221,200
D. \$246,400
E. \$250,000

220,000 = 0.88*x

x = 250,000

The other better approach in this particular question is to pick from the answer choices.

10% of 250,000 = 25,000

1% = 2,500

so 12% = 30,000

250,000 - 30,000 = 220,000

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Re: The selling price of a house was decreased by 12 percent to \$220,000.  [#permalink]

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31 Oct 2018, 18:26
Bunuel wrote:
The selling price of a house was decreased by 12 percent to \$220,000. What was the original selling price of the house?

A. \$193,600
B. \$196,429
C. \$221,200
D. \$246,400
E. \$250,000

We can let n = the original selling price and create the equation:

0.88n = 220,000

n = 250,000

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Re: The selling price of a house was decreased by 12 percent to \$220,000.   [#permalink] 31 Oct 2018, 18:26
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