Use an Equation to Solve the Problem

question 8

Multiple Choice

Use an equation to solve the problem.
The average price of homes in one neighborhood decreased 8 % since last year, a drop of $5,800 . What was the average price of a home last year?

• A) $69,500
• B) $74,500
• C) $73,500
• D) $72,500
• E) $76,500

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Definitions:

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A global entertainment conglomerate known for its movies, theme parks, merchandise, and media networks.

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A growth strategy whereby the current target market and/or marketing mix shares something in common with the new opportunity.

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A recreational activity or sport involving gliding on hard surfaces wearing rollerblades with a single line of wheels.