You placed a 11% down payment on a new home. given that the amount of the down payment was $18,210.18, determine the price of the home. round your answer to the nearest cent.
a.
$227,627.25
c.
$182,101.80
b.
$202,335.33
d.
$165,547.09

Option: d is the correct answer.

                     d.       $165,547.09  (equals 16554709 cents)

Let the price of home be: $ x

11% of the price has been paid by the down payment.

Also, the he amount of the down payment was $18,210.18.

This means that:

11% of total amount of the home=18210.18

This means that:

11% of x=18210.18

⇒  0.11×x=18210.18

⇒  x=18210.18/0.11

⇒  x=165,547.090909

Hence, the cost of home is: $ 165,547.09

and to the nearest cent it is: 16554709 cents

step-by-step explanation:

b. 153 students do not participate in sports and seventy-five 12th graders were surveyed