Question

The Chens bought their house for $240 000 twenty years ago. They just sold the house

Answer 1

The percent is the new value of the house of the price they paid 20 years ago is 216.67%.

Percentage

• Old price = $240 000
• New price = $520 000

percent is the new value of the house = New price / Old price

= 520,000 / 240,000 × 100

= 2.16666666666666

= 216.666666666666%

Approximately,

percent is the new value of the house = 216.67%

Therefore, the percent is the new value of the house of the price they paid 20 years ago is 216.67%.

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