A house has increased in value by 36 percent since it was purchased. If the current value is 306000 what was the value when it was purchased?

$225,000

Step-by-step explanation:

Step-by-step explanation:

To calculate the percentage change we will apply the formula:

p= N-O/O *100

p is the increased percentage

N is the current value

O is the old value.

Substitute the values in the formula:

36 = 306,000 - O/O *100

Divide both the sides by 100

36/100 = 306,000 - O/O *100/100

36/100 = 306,000 - O/O

Now multiply O at both sides

36/100 * O = 306,000-O/O * O

At R.H.S O will be cancelled by O

At L.H.S 36/ 100 = 0.36

0.36 O= 306,000-O

Combine the like terms:

0.36 O+O =306,000

1.36 O = 306,000

Divide both the terms by 1.36

1.36 O/ 1.36 = 306,000/1.36

O= $225,000

Therefore  when the house was purchased its value was $225,000

0.32

step-by-step explanation:

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