There are 360 people living a certain village. The population of the village has grown by 20% over the past year. How many people lived in the village one year ago?

Let x be the number of people who lived in the village one year ago.

The population growth is x+0.20x = 360
Combining like terms, we get 1.20x = 360
Dividing both sides by 1.20, we get x = <<300=300>>300
Thus, 300 people lived in the village one year ago. Answer: \boxed{300}.