"At $1.31 million, they closed last month for...28 percent above what they paid in 2007." How much did they pay in 2007?
Accepted Solution
A:
Answer:Step-by-step explanation:Answer: 1,069,200Step-by-step explanation:We know that they paid 1.32 million and was 19% above what they paid in 2007.Since they paid 19 percent above (1.19) 2007 we can reverse and do 0.81 * 1,320,000 to get our answer.You may be wondering why it's 0.81 instead of 0.19 that is because 1.19 is over 1. Since 100 is equal to a whole we subtract 0.19 from 100 to get our value we multiply by.1,320,000 * 0.81 = 1,069,200We can also find the different simply by doing 1,320,000 * 0.19 which equals 250,800 and to get our answer from here we just subtract 1,320,00 by 250,800