Question

In 2008 a house is worth $350 000.

Answer 1

Answer:

The value of 2008 is 112% of the Value of 2007.

But we need 100% of the year of 2007.

So 350000 / 112 = 3125 => 1%

3125 * 100 = 312500 => 100%

Value of the house was $312500 at the begining

of 2007.

Answer 2

Answer:

The value of 2008 is 112% of the Value of 2007.

But we need 100% of the year of 2007.

So 350000/112=3125=>1%

3125*100=312500=>100%

The answer is $312500