Question

A house bought for $70,000 was sold for $105,000. The selling price was what fraction of the purchase price (cost)? (Express As Fraction)

Answer 1

3/2

Step-by-step explanation

To find what fraction the selling price is of the purchase price, we have to divide the selling price by the purchase price.

The selling price is $105,000 and the purchase price is $70,000.

Therefore, we have:

`\begin{gathered} (105000)/(70000) \\ =\text{ }(3)/(2) \end{gathered}`

The selling price is 3/2 of the purchase price.