Ask Question
28 August, 02:58

You have listed a house for $197,800. If the house sells for the listed price, the seller will make a profit of 15%. What price did the seller pay for the house?

+2
Answers (1)
  1. 28 August, 03:51
    0
    Answer: $168,130

    Explanation: selling price = $197,800

    Percentage profit = 15%

    Profit = 15/100 * 197,800

    Profit = 0.15 * 197,800

    Profit = $ 29,670

    But profit = selling price - cost price.

    Hence, cost price = selling price - profit

    Cost price = 197, 800 - 29,670

    Cost price = $168,130

    Cost price is the price the seller paid for the house
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “You have listed a house for $197,800. If the house sells for the listed price, the seller will make a profit of 15%. What price did the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers