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A house has increased in value by 29% since it was purchased. If the current value is $387,000 , what was the value when it was purchased?

A house has increased in value by 29% since it was purchased. If the current value is $387,000 , what was the value when it was purchased?
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3 votes
A house has increased in value by

29%
since it was purchased. If the current value is
$387,000
, what was the value when it was purchased?

User Sreejith BS
by
7.7k points

1 Answer

1 vote
387000 times 0.29 <--- (same as 29%)
=112230 (this is the increased value aka the 29%)
387000-112230=274770 (subtracting to find original value)
Answer is $274,770
User Artes
by
7.5k points
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