Question

Mr. Erickson just had his condo appraised to find out its value. According to the appraiser, the condo is currently worth $354,161. That is 15% lower than the condo was worth when he bought it several years ago. What was the value of the condo then?

Answer 1

$416,660

Explanation:

X = original price of condo

15% of X = 0.85x = $354,161

x = 354,161/0.85

x = $416,660