Question

House price decreased from$400,000 to $300,000 in a year. What is the percent decrease?

Answer 1

25% decrease

Explanation:

x = % decrease

400,000 - 400,000x = 300,000

400,000x = 300,000 - 400,000 = -100,000

x = -100,000/400,000 = -0.25

% decrease = -0.25 x 100 = -25%

Answer 2

25%

Explanation:

We know

House prices decreased from $400,000 to $300,000 in a year.

What is the percent decrease?

First, we find the amount decreases.

400,000 - 300,000 = $100,000

Then we take

(100,000 ÷ 400,000) x 100 = 25%

So, the percent decrease is 25%,