Question

The current average property value is two-sevenths more than last year’s average value. What was last year’s average property value if the current average is $81,450?

Answer 1

`63350`

Explanation:

Given that the current average property value is two-sevenths more than last year’s average value.

Let x be the last year's average property

Then we have as per the given information this year property value

=
`x+(2)/(7) x`

Equate this to

`x+(2)/(7) x=81450\\9x = 7(81450)\\x = 7(9050)\\x= 63350`