Question

A house cost $250000 in the year 2000. in 2017, it sold for 230000. What is the percent of change?

Answer 1

This is a -8% change

Explanation:

To find the percent change, use the percent change equation.

(New - Old)/(Old) * 100 = Percent Change

(230000 - 250000)/(250000)*100 = Percent Change

-20000/250000 * 100 = Percent Change

-.08 * 100 = Percent Change

-8% = Percent Change