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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?
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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?

User Arne Deutsch
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1 Answer

2 votes

Answer:

  • 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
User Nicholas Betsworth
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