Elly & Frank Valdez are thinking about buying a new house and financing it through their bank. If they get approved, what ty
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Therefore, the only statement that is equivalent to <em>"the </em><em>price decreased</em><em> by </em><em>"</em> is:
<u>F. The price is now </u><u>66, 2/3% </u><u>of what it was before</u>
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Given that the original price of something decreased by 1/3, it means:
the original price is reduced by one-third.
- One-third is not equal to half of the price.
- 1/3 is less than 1/2.
- 1/3 of the original price would be
33.3% less of the original price.
- This means that the new price would be: <em><u>100 - 33 = 66% of the </u></em><em><u>original price.</u></em> This shows a reduction in price. The price would drop.
- 1/3 is more than a quarter (1/4).
<em>Any option showing or suggesting an increase is definitely the wrong answer.</em>
Therefore, the only statement that is equivalent to <em>"the </em><em>price decreased</em><em> by </em><em>" </em>are:
<u><em>F. The price is now </em></u><u><em>66, 2/3% </em></u><u><em>of what it was before</em></u>
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