An investor flips a house, selling it for $88,000. If her profit was 30%, how much did she pay for the house originally? Round to two decimal places.

She paid $67692.31 for the house originally.

Step-by-step explanation:

Let the initial cost of the house be dollars.

Given:

Selling price of the house (S.P) = $88000

Profit made = 30% of 'x' =

We know that,

Profit = Selling Price - Original price

Adding on both sides, we get:

Dividing both sides by 1.3, we get:

Rounding to 2 decimal places, we get:

Therefore, she paid $67692.31 for the house originally.