Question

The price of a house was originally 150,000. but nobody was buying is so the dropped it to 115,000. what percent decrease of the price of the house.

Answer 1

~23.33%

Explanation:

The formula to find percent decrease is:

100((Original Amount - New Amount)/Original Amount)

Since the original price of the house was $150,000 we can substitute the original amount for 150,000. Use this logic to substitute the new amount for 115,000. The expression you get is:

100((150,000 - 115,000)/150,000)

which equals approximately 23.33.