You placed a 11% down payment on a new home. Given that the amount of the down payment was $18,210.18, determine the price of the home. Round your answer to the nearest cent.
a.
$227,627.25
c.
$182,101.80
b.
$202,335.33
d.
$165,547.09

Question

You placed a 11% down payment on a new home. Given that the amount of the down payment was $18,210.18, determine the price of the home. Round your answer to the nearest cent.
a.
$227,627.25
c.
$182,101.80
b.
$202,335.33
d.
$165,547.09

kropot72 · Answer

If you divide the amount of the down payment by 11 you will get the amount 1% of the price of the home. Then multiply the result of the division by 100 to get the price of the home.