# Algebra Word Problem for Property

A builder spent £4,950 in buying some property, in renovating it and equipping it for use.If the cost of renovation was 1/10 of the cost of buying, and if the equipment cost 1/8 of the price of these two combined, what did he pay for the property in the first place?

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I've fixed the tag for you. –  Arkamis Mar 9 '13 at 14:43
"Mathematical problem" is a very uninformative title for a site of maths questions. –  Tara B Mar 9 '13 at 14:47

Let $x$ be the buying cost.
$\frac{1}{10} \cdot x$ will be renovating cost.
Finally, for equipping $=\frac{1}{8} \cdot (\frac{1}{10}\cdot x+x)$
Now add 'em all and equate it to 4,950. You get $x$.