Question

The value of a house has increased by 5% the house is now valued at £609000 what is the value of the house before the increase? I found a post that answered the question but it didn't explain how they got the answer.

Answer 1

`Current \ price = 609000\\\\Let \ the \ original \ price \ be = x\\\\\% increase = 5 \% \ of \ x = (5)/(100) * x = (5x)/(100)\\\\Price \ after \ increase, current\ price = (5x)/(100) + x\\\\`

`=> 609000 = (5x)/(100) + x\\\\=>609000 = (105x)/(100)\\\\=> x = (609000 * 100)/(105)\\\\x = 580000`

Therefore original price = $580,000