A house has decreased in value by 28% since it was purchased. If the current value is $90,000, what was the value when it was purchased?

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02-04-2022
Mathematics

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A house has decreased in value by 28% since it was purchased. If the current value is $90,000, what was the value when it was purchased?

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boatengalbert291 boatengalbert291 · Answer 1 · 2022-04-02T01:13:40+02:00

boatengalbert291 boatengalbert291

02-04-2022

Original percentage
= 100%

Current percentage
= 100-28
= 72%
Therefore if 72% = 90000
Then 100% = 100/72 x 90000
=$ 125,000

Therefore the value was $ 125,000

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