You placed a 13.2% down payment on a new home. Given that the amount of the down payment was $25,623.10, determine the price of the home. Round your answer to the nearest cent.

a.$197,100.77

c.$192,654.89

b.$194,114.39

d.$191,217.16

The correct answer for the given problem above would be option B. Based on the given values above with the downpayment $25,623.10 which is 13.2% of the price, the price of the home is therefore, $194,114.39. So if you confirm the answer, simply multiply $194,114.39 by 0.132 and you get $25.623.0995.

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