Answer:
The value of house $ 400,000
Explanation:
Let x be the price of house when it was purchased,
∵ 29% of x =
= 0.29x
According to the question,
x + 29% of x = 516000
x + 0.29x = 516000
1.29x = 516000

Hence, the value of the house is $ 400,000 when it was purchased.