A family's income should be approximetly 2/5 of the price of a house. If your family's income is $36,000, what is the cost of a house you could afford to buy?

Question

kittiwitti1 · Answer

sorry wrote that wrong - deleted it

ribhu · Answer

couldn't send from here so dropped in ur inbox

ribhu · Answer

$$\let the price of the house be x so income becomes 2/5(x) but income is given as : $36000 so 2/5 (x) = 36000 x = 36000*5/2 x= 90000 hence price of the house is $90000$$

kittiwitti1 · Answer

Ok. So income is 2/5 (or 20%, 0.2) of house price.
We have the income... which is 2/5 of unknown house price.

If we had the house price and not the income, we would take 0.2*[house price]. But we have the income.
So let's reverse that process.

kittiwitti1 · Answer

Sorry - not 20%, 40%
It's 0.4

kittiwitti1 · Answer

Equation:$$\frac{\text{income value }x}{0.4}$$

kittiwitti1 · Answer

Plug it in, what did you get @katlin95 ? :)

anonymous · Answer

90,000 for my answer!

kittiwitti1 · Answer

Yes :)

kittiwitti1 · Answer

I have to sleep now, but good luck on the rest of your work~ ^^
Night! (:

anonymous · Answer

thanks!!

kittiwitti1 · Answer

No problem :D