Question

Celso's house is on the market for $220,000. Last year is was on the market for $240,000 but didn't sell. What is the percent decrease in the price of his house

Answer 1

This type of problem requires you to calculate the Percentage decrease

Explanation:

Formula: Percentage Decrease=

Starting Value minus Final Value / Starting Value x 100

240,000 - 220,000 = 20,000

so 20,000/240,000 = 0.0833333333

so 0.0833333333 x 100 =8.33333333%

ans. 8.33333333% decrease in the price of the house.

Answer 2

91.66666666666667

Explanation:

240,000/100 = 220,000/x

220,000 x 100 = 22,000,000

22,000,000 divided by 240,000 = 91.66666666666667