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A house has decreased in value by 28% since it was purchased. If the current value is $90,000, what was the value when it was purchased?
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23 votes
A house has decreased in value by 28% since it was purchased. If the current value is $90,000, what was the value when it was purchased?

User Pankaj Pandey
by
7.6k points

1 Answer

8 votes
Original percentage
= 100%

Current percentage
= 100-28
= 72%
Therefore if 72% = 90000
Then 100% = 100/72 x 90000
=$ 125,000

Therefore the value was $ 125,000
User Jack Robson
by
7.8k points
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