Question

A house on the market was valued at $298,000. After several years, the value decreased by 16% By how much did the house's value decrease in dollars? What is the current value of the house?

Answer 1

`\begin{array} \cline{1-1} \textit{\textit{\LARGE a}\% of \textit{\LARGE b}}\\ \cline{1-1} \\ \left( \cfrac{\textit{\LARGE a}}{100} \right)\cdot \textit{\LARGE b} \\\\ \cline{1-1} \end{array}~\hspace{5em}\stackrel{\textit{16\% of 298000}}{\left( \cfrac{16}{100} \right)298000}\implies 47680`