A house has decreased in value by 15% since it was purchased. If the current value is $357,000, what was the value when it was purchased?

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
ChapterP: Preliminary Concepts
SectionP.CT: Test
Problem 1CT
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A house has decreased in value by 15% since it was purchased. If the current value is $357,000, what was the value when it was purchased?

 

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