Family paid $24,000 as a down payment for a home if this represents 12% of the price of the home, find the price of the home.

$200,000

Step-by-step explanation:

Down payment = $24,000

Given that $24,000 is 12% of the price.

12% = $24000

1% = 24000 ÷ 12 = $2000

Price of the house

= 2000 x 100%

= $200,000

200,000

Step-by-step explanation:

24,000 / 0.12= 200,000

step-by-step explanation:

let's assume

number of candles set =x

price of of x candles =p(x)

we are given

a candle maker prices one set of scented candles at $10 and sells an average of 200 sets each week

so, we get point as (200,10)

he finds that when he reduces the price by $1, he then sells 50 more candle sets each week

so, we can find slope

now, we can use point slope form of line

now, we can plug values

we can use point

and find b

now, we can plug it back

and we get

now, we can find revenue

we know that

revenue = price*quantity

so, we get