Question

The current median home price is $250000, which is 20% higher than last year’s price. Last year’s
median home price was

Answer 1

you know know what it was, but you know if you increase it by 20% you get \(250,000\)
to increase a number by \(20\%\) you multiply it by \(100\%+20\%=120\%=1.2\) so you know \[1.2\times P=250,000\] and you can solve that for \(P\) via \[P=250,000\div1.2\]

Answer 2

its 25,000 not 250,000

Answer 3

whatever

Answer 4

actually, not that it makes an y difference you did write \(\$250,000\)