Question

A family originally bought a home for $654,030. Now, a few years later, the home is worth

$457,821. What was the percent of decrease in its value?

Answer 1

30%

Explanation:

First we find out the difference between them:

$654,030 - $457,821 = $196,209

Then we compare it with the original price:

196,209/654,030 = 0.3

Since 0.3 is 30%, that is 30% decrease in value.