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Chapter 1: Q. 310 (page 70)

When the Szetos sold their home, the selling price was 500% of what they had paid for the house 30 years ago. Explain what 500% means in this context.

Short Answer

Expert verified

The selling price of house is increased by 500% or we can say selling price 5 time from 30 years.

Step by step solution

01

Given Information

Given that the selling price was 500% of what they had paid for the house 30 years ago.

02

Solution

Suppose 30 years ago Szetos paid xdollar for a house.

Now, he sold the house for 500%x that is,

localid="1645436661521" 500%x=500100x500%x=5x.

So, the house selling price has increased 5 times in 30 years.

03

Final Answer

Hence, the house selling price has increased 5 times in 30 years.

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