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Use an Equation to Solve the Problem

Question 8

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 $5,800 . What was the average price of a home last year?


A) $69,500
B) $74,500
C) $73,500
D) $72,500
E) $76,500

Correct Answer:

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