Please show all work and make it legible Tiffany is about to

Please show all work and make it legible.

Tiffany is about to buy a new house. Her realtor tells her that the home she is buying has increased in price by 15% since it was last sold. If the current price of the home is $241,500, what was the price the last time it sold?

Solution

Let the price at which home was last sold me $ X.

From then on, price has increased by 15% since it was last sold.

So, current price is an increment of 15% in $ X = X + 15X/100 = 1.15 X

Now, current price of the home given is = $ 241,500

Now we can equate and write it as:

1.15X = 241500

X = 241500/1.15

X = 210,000

Therefore, the price at which it was sold last time = $210,000