You placed a 11% down payment on a new home. Given that the amount of the down payment was $18,210.18, determine the price of the home. Round your answer to the nearest cent.

The down payment is 11% of the home's price, so divide the down payment by 0.11: $18,210.18 ÷ 0.11 = $165,547.0909… Rounded to the nearest cent, the home costs $165,547.09, which is choice D.

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