Question

A house has increased in value by

29%
since it was purchased. If the current value is
$387,000
, what was the value when it was purchased?

Answer 1

387000 times 0.29 <--- (same as 29%)
=112230 (this is the increased value aka the 29%)
387000-112230=274770 (subtracting to find original value)
Answer is $274,770