Question

a house has increased in value by 33% since it was purchased. if the current value is 532,000, what was the value when it was purchased?

Answer 1

• 400000

Explanation:

Let the initial value is x.

We have:

• x + 33% = 532000
• x + 0.33x = 532000
• 1.33x = 532000
• x = 532000/1.33
• x = 400000