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Use an Equation to Solve the Problem

Question 18

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 $5,400. What was the average price of a home last year?


A) $64,500
B) $69,500
C) $68,500
D) $67,500
E) $71,500

Correct Answer:

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