Math Problem Statement
A house has decreased in value by 35% since it was purchased. If the current value is $286,000, what was the value when it was purchased?
Solution
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Math Problem Analysis
Mathematical Concepts
Percentage Decrease
Algebra
Formulas
New value = Original value × (1 - Percentage decrease)
Original value = Current value / (1 - Percentage decrease)
Theorems
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Suitable Grade Level
Grades 6-8
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