The price of a house decreased from $400, 000 to $300, 000 in one year. What is the percent decrease?

Question

asked Dec 26, 2023 22.4k views

1 Answer

Brad Barber · Answer 1 · 2023-12-31T21:15:26+0000

Solution:

Given that;

The price of a house decreased from $400, 000 to $300, 000 in one year

The difference is

$\begin{gathered} Old\text{ price }-New\text{ price} \\ 400000-300000=\operatorname{\$}100000 \end{gathered}$

The percentage decrease will be

$\begin{gathered} \%\text{ decrease}=\frac{difference}{Old\text{ price}}*100 \\ \%\text{ decrease}=(100000)/(400000)*100=25\% \end{gathered}$

Hence, the percentage decrease is 25%