Question

Andy sold his apartment for $497,250, which was 117% of the amount he paid three years ago. What was the

original price that he paid three years ago​

Answer 1

SOLUTION

GIVEN

Andy sold his apartment for $ 497,250, which was 117% of the amount he paid three years ago.

TO DETERMINE

The original price that he paid three years ago

EVALUATION

Let $ P be the amount Andy paid three years ago.

Now it is given that

Andy sold his apartment for $ 497,250, which was 117% of the amount he paid three years ago

So by the given condition

$\displaystyle \sf{P \times \frac{117}{100} = 497250 }$

$\displaystyle \sf{ \implies \: P = 497250 \times \frac{100}{117} }$

$\displaystyle \sf{ \implies \: P = 425000}$

Hence the original price that he paid three years ago = $ 425000

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