Question

A value of a plot of land has increased by 10% in the past year. The new value of the plot is $46,200. What was the value of the plot last year.

Answer 1

42,000 dollars was the value of the plot last year

Explanation:

`x*(110)/(100)=46200\\110x=4620000\\x=(4620000)/(110) \\x=42000`