Question

A house bought for $70000 was sold for $105000. The selling price was the fraction of the purchase price (cost)?

Answer 1

3/2

Explanation:

To find what fraction of the buying price was the selling price, we write

`\frac{\text{selling price }}{\text{buying price }}=(\$105,000)/(\$70,000)`

which becomes

`(\$105,000/35,000)/(\$70,000/35,000)`
`=(3)/(2)`

which is our answer!

Hence, the selling price is 3/2 the buying price.