Question

If a house has decreased 35% since it was purchased and it currently values 117,000 what was purchase value

Answer 1

Explanation:

that means the current value of $117,000 is 100 - 35 = 65% of the original price.

65% = $117,000

1% = 65%/65 = 117000/65 = $1,800

100% = 1%×100 = 1800×100 = $180,000

the original (100%) purchase value was $180,000.