A property's value is $150,000 today. What was the original cost if it lost 25% of value over ten years?
Correct Answer
B) $200,000.00
If current value is 75% of original: Original = $150,000 ÷ 0.75 = $200,000
Why This Is the Correct Answer
If current value is 75% of original: Original = $150,000 ÷ 0.75 = $200,000
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