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?

To find the original price that Andy paid for his apartment three years ago, we can set up the equation as follows:

Let $ x $ be the original price Andy paid.

Since Andy sold the apartment for 117% of the original price, we know that:

\[
497,250 = 1.17 \times x
\]

Now, to solve for $ x $:

\[
x = \frac{497,250}{1.17}
\]

Let me calculate this.Andy originally paid $425,000 for his apartment three years ago.

Would you like further details or have any questions about this calculation?

Here are 5 related questions you might find interesting:
1. If Andy had sold the apartment for 110% of the original price, what would the sale price have been?
2. How much profit did Andy make from the sale of the apartment?
3. What percentage would Andy have sold the apartment for if he had received $510,000?
4. If Andy had to pay a 6% agent fee on the sale price, how much did he actually receive?
5. What would the price be today if the apartment's value increased by 5% annually?

**Tip:** When solving percentage-based problems, always convert the percentage to a decimal by dividing it by 100.

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?

Learn how to calculate the original price of an apartment based on a percentage increase. In this problem, Andy sold his apartment for $497,250, which was 117% of the amount he paid three years ago. This solution covers key algebraic concepts and percentage calculations. Suitable for students in Grades 8-10.

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