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You have listed a house for $197,800. If the house sells for the listed price, the seller will make a profit of 15%. What price did the seller pay for the house?

Respuesta :

Answer: $168,130

Explanation: selling price = $197,800

Percentage profit = 15%

Profit = 15/100 × 197,800

Profit = 0.15 × 197,800

Profit = $ 29,670

But profit = selling price - cost price.

Hence, cost price = selling price - profit

Cost price = 197, 800 - 29,670

Cost price = $168,130

Cost price is the price the seller paid for the house