Question

Joel sold her house for $545,450, which was 85% of the amount she paid for it.

Calculate the amount she paid for the property.
Round to the nearest cent

Answer 1

85% : 545,450, divide both sides by 85 to get 1% which should give a long decimal of 6,417.05882. If you round the 5 up to 6 making the value 6,417.06 then multiply it by 100 giving you 641, 706 dollars the amount Joel paid for the property