9514 1404 393
Answer:
$425,000
Step-by-step explanation:
The current value is 1 + 28% = 1.28 times the original value:
$544,000 = 1.28×(purchase price)
Dividing by the coefficient of the variable, we find the solution to be ...
(purchase price) = $544,000/1.28 = $425,000
The value when it was purchased was $425,000.
