Housing prices in a particular county have increased by 25% over the prce of houses five yoars ago (a) 5260,0000 was the average price of a house five years ago, what is the average prce ( ) of a house today? (b) Economists predict that nest year houning prices will drop by 5 in thes area Based on vour answer from part (a), what will the average pnice (in 3) of a house be next year
Housing prices in a particular county have increased by 25% over the prce of houses five yoars ago (a) 5260,0000 was the average price of a house five years ago, what is the average prce ( ) of a house today? (b) Economists predict that nest year houning prices will drop by 5 in thes area Based on vour answer from part (a), what will the average pnice (in 3) of a house be next year
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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