Math calculation problems
Hey all. I'm studying for the real estate principles final exam at UCLA, and I'm having a hell of a time with the math section. Maybe someone can help me figure this one out.
"An owner sold a property for $35,200 which represents a 10% profit over what was paid. What was the owner's cost?"
I know the answer is $32,300, but I can't figure out why. What am I not seeing?