A house was sold for $355,000 which was 8% more than the original cost. What was the original cost?
Correct Answer
C) $328,703.70
If the sale price is 108% of original cost, then Original Cost = $355,000 ÷ 1.08 = $328,703.70
Why This Is the Correct Answer
If the sale price is 108% of original cost, then Original Cost = $355,000 ÷ 1.08 = $328,703.70
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