Question

Derek sold her house for $541,600, which was 140% of the amount she paid for it.

Calculate the amount she paid for the property.

Answer 1

9514 1404 393

Answer:

$386,857.14

Explanation:

You have ...

sold = 140% × paid

Dividing by 140% gives ...

paid = sold/1.40 = $541,500/1.40 = $386,857.14

Derek paid $386,857.14 for the property.