Question

6.

A house was purchased for $450 000. (2 marks)
Three years later, the house was sold for 124% of its purchase price.
What was the selling price of the house?

Answer 1

$ 558k

Explanation:

the condition 'the house was sold for 124% of its purchase price' means Initial_price*1.24, where Initial_price is $450k:

$450000*1.24=$558000.