Question

Percent Discounts
A house has increased in value by 49%
since it was purchased. If the original value was
$396, 000what is the value after the increase ?

Answer 1

To find the value of the house after a 49% increase, you can use the following steps:

1. Calculate the increase in value:
\[
\text{Increase} = \text{Original Value} \times \frac{\text{Percent Increase}}{100}
\]
\[
\text{Increase} = 396,000 \times \frac{49}{100} = 396,000 \times 0.49 = 194,040
\]

2. Add the increase to the original value to find the new value:
\[
\text{New Value} = \text{Original Value} + \text{Increase}
\]
\[
\text{New Value} = 396,000 + 194,040 = 590,040
\]

So, the value of the house after the 49% increase is **$590,040**.