Question

A house has decreased in value by 40% since it was purchased. If the original value was $416,000, what

is the value after the decrease?

Answer 1

$249,600

Explanation:

40% as a decimal is 0.4

We are finding a reduction so we take away from 1. IF it was finding an increased price we would add it to 1.

1-0.4 = 0.6

Now times it by the original price.

416,000 × 0.6 =
`x`

`x` = 249600

$249,600

Hope it helped! :)