Answer:
The cost of house was $245000 when it was built.
Step-by-step explanation:
Given that:
Cost of the house today = $333200
Percent increase in today's price = 36%
Let,
x be the cost of house when it was built.
100 be the percentage when the house was built.
Percentage of house price today = (100+36)% = 136%
136% of x = 333200
[tex]\frac{136}{100}*x=333200\\1.36x=333200[/tex]
Dividing both sides by 1.36
[tex]\frac{1.36x}{1.36}=\frac{333200}{1.36}\\x=245000[/tex]
Hence,
The cost of house was $245000 when it was built.
