9514 1404 393
Answer:
$420,000
Step-by-step explanation:
If we say the current value (v) is 35% more than the purchase price (p), then we have ...
v = p + 0.35·p
567,000 = 1.35p
Dividing by the coefficient of p, we get ...
p = 567,000/1.35 = 420,000
The value when it was purchased was $420,000.
