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A house has increased in value by 32% since it was purchased. If the current value is 297000: , what was the value when it was purchased?

Solution

A house has increased in value by 32% since it was purchased. If the current value is 297000: , what was the value when it was purchased?

Solution

Amount before addition : 225000

Solution steps

Translate the problem into an equation:

297000 = x + 0.32 x

297000 = x + 0.32 x : x = 225000

Amount before addition : 225000

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