A house and a lot are appraised at $224,400. If the value of the house is five times the value of the lot, how much is the house worth?

Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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A house and a lot are appraised at $224,400. If the value of the house is five times the value of the lot, how much is the house worth?
Expert Solution
Step 1

Given:

A house and a lot appraised at $224,400. The value of house is five times the value of the lot.

Calculation:

Assume the value of lot is $x then the value of House is $5x.

A house and a lot appraised at $224,400, then

x+5x=2244006x=224400x=2244006x=37400

Therefore, the value of lot is $37400.

The value of house can be obtained as,

5x=5×37400=187000

 

 

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