Respuesta :
X=value of the house before increase
(100%+29%)X=516,000
(129%)X=516,000
1.29x=516,000 | divided by 1.29 both sides
X=400,000$ was the value when it was purchased
Answer:
The value of house $ 400,000
Step-by-step explanation:
Let x be the price of house when it was purchased,
∵ 29% of x = [tex]\frac{29x}{100}[/tex] = 0.29x
According to the question,
x + 29% of x = 516000
x + 0.29x = 516000
1.29x = 516000
[tex]\implies x=\frac{516000}{1.29}=400000[/tex]
Hence, the value of the house is $ 400,000 when it was purchased.
