Answer
Initial price = 500,000 dollars
Saving = (500,000 - 425,000) = 75,000 dollars
Work Step by Step
Let the initial price be 'x.'
To find the initial price:
x - 0.15x = 425,000
0.85x = 425,000
x = 500,000
Initial price = 500,000 dollars
Saving = (500,000 - 425,000) = 75,000 dollars