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Use an Equation to Solve the Problem

Question 17

Multiple Choice

Use an equation to solve the problem. The average price of homes in one neighborhood decreased 4% since last year, a drop of $3,500. What was the average price of a home last year?


A) $84,500
B) $89,500
C) $86,500
D) $87,500
E) $83,500

Correct Answer:

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