Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller

Exercise 183

In the equation P = B × R , P = part , B = base , or whole, and R = rate , or percent. Use the following forms of the equation to solve the application problems.

HOME PRICES In one city, the average selling price of a home increased 2.4 , or by $5088, compared to last year. Find the average selling price of a house last year.