Question

Mr. Jensen purchased a condo several years ago at a selling price of $295,420. Recently it

was appraised at a value 36.4% lower than that. What is the value of the condo now?
Roun

Answer 1

The value of the condo was appraised at 36.4% lower than the selling price, which means it is now worth 100% - 36.4% = 63.6% of the selling price.

The selling price of the condo was $295,420, so the value of the condo now is $295,420 * 63.6% = $<<295420*0.636=188382.72>>188,382.72.

Therefore, the value of the condo now is $188,382.72.

Explanation: