Kathy and Tommie put down 20%, or $35,000, to purchase a new house. What is the price of the house?

Solve for x.

0.2x = 35,000
x = ?

Is it $175,000?

Yes. That's right! :-)

To find the price of the house, we need to divide the down payment amount by the percentage paid. In this case, Kathy and Tommie put down 20%.

The formula to calculate the price is:

Price of the house = Down payment amount / Percentage paid

In this case, the down payment amount is $35,000 and the percentage paid is 20% (or 0.2 in decimal form).

So, we can calculate the price of the house as:

Price of the house = $35,000 / 0.2

Using division, we find:

Price of the house = $175,000

Therefore, the price of the house is $175,000.