Question

The selling price of an apartment dropped from 250,000 to 225,000. By What percent did the price drop?

Answer 1

10%

Explanation:

The percentage decrease in price =
`(decrease amount)/(original amount)` x 100%

Original amount = 250,000

New amount = 225,000

Decrease in amount = 250,000 - 225,000

= 25,000

So that;

Percentage decrease in price =
`(25000)/(250000)` x 100%

= 0.1 x 100%

Percentage decrease in price = 10%

The price of the apartment dropped by 10% of its original price.