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:

Homogenization

The process of making things uniform or similar by blending diverse elements, especially in culture or agriculture.

North American

Pertaining to the continent that includes Canada, the United States, and Mexico.

Fast-food Chains

Companies that operate outlets serving quick service foods, characterized by minimal table service and a focus on convenience.

Travel Abroad

The act of travel by individuals beyond their country's borders, for purposes such as leisure, business, or education.