Use an Equation to Solve the Problem

question 31

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 $7,400. What was the average price of a home last year?

• A) $89,500
• B) $90,500
• C) $93,500
• D) $92,500
• E) $88,500

---

Definitions:

Toll-free Number

A telephone number that is billed for all arriving calls instead of incurring charges to the originating telephone subscriber, allowing customers to call a business without incurring a charge.

Water Lilies

A common term for plants of the genus Nymphaea, which grow in water and have large, disc-like leaves and often fragrant, showy flowers.

Inbound Telemarketing

A sales strategy where a company receives calls from potential customers interested in their products or services, often in response to advertising.

Toll-free Number

A telephone number that allows callers to reach businesses or individuals without incurring charges for the call, typically starting with codes like 800 or 888.