Answer:
$189 000
Step-by-step explanation:
Mara put down 7.5% on the purchase of her new home. She put $14175 as down payment.
This implies that 7.5% of purchase price is $14175. Thus the purchase price of the home is calculated below.
Convert the percentage to decimal
7.5/100 = 0.075
Since 7.5% of the purchase price = $14175
Divide $14175 by 0.075
= $189 000
Therefore, if Mara put down 7.5% on the purchase of her new home. If she put down $14 175, the purchase price of the home is $189 000.
Check
7.5% of $189 000
= 0.075 × $189 000
= $14175
