my college hive icon mycollegehive
Groups
My College Hive notifiction icon Questions
Connect / Friends
Tags
Quiz
Books
The Townsend Realty Group invested in the five different p...
math SAT SAT-math-test
up
0
down

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

787 views
Share Follow
judziy
Asked by judziyrep:2.0K
University of Benin Nigeria
28 May 2020

Comments





1 answer(s)

Advertisement (continue below)

peter
Peter answeredrep:1.7K
University of Lagos Nigeria
12 August 2020
up
0
down

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]
He also received an additional 20% off the discounted price for purchasing the property in cash

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

Share
Comments




Advertisement (continue below)


Groups

Advertisement (continue below)

Your Answer

How to insert math formulas/equations

my college hive loader icon



Related Tags

math

23 followers

1262 questions

SAT

9 followers

487 questions

SAT-math-test

14 followers

476 questions