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Popular Word Problems >

A house has decreased in value by 35% since it was purchased. If the current value is 10400, what was the value when it was purchased?

Solution

A h o u se ha s d ecre a se d in v a l u e b y 35% s in ce i t w a s p u rc ha se d . I f t h e c u rre n t v a l u e i s 10400, w ha t w a s t h e v a l u e w h e n i t w a s p u rc ha se d ?

Solution

Amount before reduction : 16000

Solution steps

Translate the problem into an equation:

10400 = x - 0.35 x

10400 = x - 0.35 x : x = 16000

Amount before reduction : 16000

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