Answer:
$36,000
Step-by-step explanation:
Given:
Bryce pays $240,000 for a property, then sells it for 15% less of what he bought is for.
To find:
15% of $240,000 to find the total loss.
__
steps
Step 1: Our output value is 240000.
Step 2: We represent the unknown value with x.
Step 3: From step 1 above,[tex]$240000=100\%$[/tex]
Step 4: Similarly,[tex]$x=15\%$[/tex]
Step 5: This results in a pair of simple equations:
[tex]$240000=100\%(1)$.[/tex]
[tex]$x=15\%(2)$.[/tex]
Step 6: By dividing equation 1 by equation 2 and noting that both the RHS (right hand side) of both
equations have the same unit (%); we have
[tex]$\frac{240000}{x}=\frac{100\%}{15\%}$[/tex]
Step 7: Again, the reciprocal of both sides gives
[tex]$\frac{x}{240000}=\frac{15}{100}$[/tex]
[tex]$\Rightarrow x=36000$[/tex]
Therefore, [tex]$15\%$ of $240000$ is $36000$[/tex]
So if he lost 15% of $240,000, he lost $36,000.
So now we subtract.
240,000 - 36,000
= $204,000
Hence, the total loss of the property was $36,000
