sandy wrote:
The selling price of a house was decreased by 12 percent to $220,000. What was the original selling price of the house?
A. $193,600
B. $196,429
C. $221,200
D. $246,400
E. $250,000
If the DECREASED PRICE is $220,000, then the ORIGINAL PRICE must be greater than $220,000
ELIMINATE A and B
Since answer choice C ($221,200) is so close to $220,000, we can probably ELIMINATE C as well.
This leaves D and E.
Since E ($250,000) is so nice to work with, let's TEST this answer choice
12% of $250,000 = $30,000
So, the price AFTER a 12% decrease = $250,000 - $30,000 = $220,000
Voila!
Answer:
Cheers,
Brent