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Master Exam #3
Question 125 of 150
Question: A property sold for $33,700. This was 7% less than what the property originally cost. The original cost was approximately:
A: $36,236;
B: $36,059;
C: $31,341;
D: $31,000.
Correct Answer is : A
(1) 100% - 7% = 93%
(2) 93% of cost = $33,700
(3) $33,700 divided by .93 = $36,236.56