Abby Kaminsky sold her ski house at Attitash Mountain in New Hampshire for $261,000. This sale represented a loss of 13% off the original price. What was the original price Abby paid for the ski house? (Round your answer to the nearest dollar. Omit the "$" sign in your response.)
Steve or Jimmy or Michael -- I showed you how to figure this type of problems in another post. It's your turn now.
Please post your answer and we'll be glad to check it for you.
I am getting 290520.It is not working
(1 - .13)x = 261,000
.87x = 261,000
x = 300,000
I hope this helps. Thanks for asking.
To find the original price Abby paid for the ski house, we can set up an equation based on the given information. Let's denote the original price as "X."
According to the problem, Abby sold the ski house for $261,000, which represents a loss of 13% off the original price. To determine the sale price after a 13% loss, we need to calculate 87% of the original price.
Setting up the equation:
87% of X = $261,000
To solve this equation, we can convert 87% to a decimal by dividing it by 100:
0.87X = $261,000
Finally, to find the value of X (the original price), we divide both sides of the equation by 0.87:
X = $261,000 / 0.87
Calculating this value:
X ≈ $300,000
Therefore, the original price Abby paid for the ski house was approximately $300,000.