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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asked Jan 25, 2023 137k views

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Jack Robson · Answer 1 · 2023-01-29T16:02:56+0000

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

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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