You placed a 12% down payment on a new home. given that the amount of the down payment was $42,655.12, determine the price of the home. round your answer to the nearest cent. a. $355,459.33 c. $426,551.20 b. $387,773.82 d. $473,945.78

a. $355459.33

Step-by-step explanation:

Let x be the price of the home.

We have been given that you placed a 12% down payment on a new home. The amount of the down payment was $42,655.12.

To find the price of the home we need to figure out x such that 12% of x equals $42,655.12. We can represent this information in an equation as:

Upon dividing both sides of our equation by 0.12 we will get,

Therefore, the price of the home is $355459.33 and option a is the correct choice.

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