Question

The value of a house has increased by 6%.

The house then had a value of £256,000

Work out the value of the house before the increase.

Answer 1

£241,509.43

Explanation:

100% + 6% --- £256,000

106% --- £256,000

100% --- × £256,000 = £241,509.43

Answer 2

£241,509.43 (nearest penny)

Explanation:

100% + 6% --- £256,000

106% --- £256,000

100% ---
`(100)/(106)` × £256,000 = £241,509.43 (nearest penny)