For this case, the total percentage paid for the land is given by:
[tex] 100 - 17 = 83
[/tex]
Then, we can make the following rule of three:
76000 ----------------> 100%
x -----------------------> 83%
From here, we clear the value of x.
The value of x is the amount that was paid for the lot.
We have then:
[tex] x = (83/100) * (76000)
x = 63080
[/tex]
Answer:
You paid 63080 $ for the lot
