A house costs 36% more today than when it was built. If the cost of the house today is $ 333,200, find its cost when it was built.
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Assume the cost of house, when it was built be $ x
Today its cost 36 % more = x+x*(36/100)
Given its cost today = $333200
x+x*(36/100)=333200
x+(36x/100)=333200
(100x+36x)/100=33200
136x/100=333200
136x=333200*100
x=33320000/136
Therefore, the cost of house, when it was built be $245,000.
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