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The Townsend Realty Group invested in the five different p...
math SAT SAT-math-test
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The Townsend Realty Group invested in the five different properties listed in the table above. The table shows the amount, in dollars, the company paid for each property and the corresponding monthly rental price, in dollars, the company charges for the property at each of the five locations.

Townsend Realty purchased the Glenview Street property and received a 40% discount off the original price along with an additional 20% off the discounted price for purchasing the property in cash. Which of the following best approximates the original price, in dollars, of the Glenview Street property?

A) \$350,000

B) \$291,700

C) \$233,300

D) \$175,000

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University of Benin Nigeria
28 May 2020

University of Lagos Nigeria
12 August 2020
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Townsend Realty received 40% discount off the original price. This can be written as:

100% - 40% = 60% [100% indicates the 100% of the original price and the minus sign indicates a discount]

100% - 20% = 80% [100% indicates the 100% of the original price and the minus sign indicates a discount]

Therefore,

(x * 0.6) * 0.8 = 140000

x = original price

0.48x = 140000

x = 291,667

= 291,700

Ans B

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