Math  /  Numbers & Operations

Questiong) Of the $500000\$ 500000 paid for the property, $150000\$ 150000 was for the block of land, and the rest was for building the house. Find the ratio of land to total property price.

Studdy Solution
Simplify the ratio by dividing both the numerator and the denominator by their greatest common divisor.
$150,000$500,000=150,000÷50,000500,000÷50,000=310 \frac{\$150,000}{\$500,000} = \frac{150,000 \div 50,000}{500,000 \div 50,000} = \frac{3}{10}
The ratio of the land price to the total property price is:
310\boxed{\frac{3}{10}}

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