Question

The price of a bungalow in 1990 was $850000. If there was a 125% increase in 2000, followed by a 30% decrease in 2013, what was the price in 2013?

Answer 1

1,338,750$

Explanation:

1990 price was 850,000

in 2000

850,000 + 125% = 1,062,500

850,000 + 1,062,500 = 1,912,500

in 2013

1,912,500 - 30% = 573,750

1,912,500 - 573,750 = 1,338,750