Real Estate Math
If a property sold for $275,000, which was 110% of the original purchase price, what was the original purchase price?
A$247,500
B$250,000✓ Correct
C$260,000
D$302,500
Explanation
Original price = Sale price ÷ 110% = $275,000 ÷ 1.10 = $250,000.
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