Question

The value of a house has increased by 7%. The house is now valued at 749,000.
Work out the value of the house before the increase.

Answer 1

Answer:

700000

Step-by-step explanation:

Today price= 749000

Today price= actual price*(1+7%)

749000=AP+0,07AP

749000=1,07AP

AP=749000/1,07

AP=700000

Answer 2

749000 = x + x(0.07)

1.07x = 749000

x = 700000

The value of the house before the increase was $700,000.

Hope this helps!! :)