Question

In one month, the median home price in the West fell from $203,400 to $192,300. Find the percent decrease.

Answer 1

Answer:

94.5%

Step-by-step explanation:

Percent decrease can be represented as

[original price] * percentage = [new price]

When trying to find the percentage, you can manipulate the equation by dividing both sides by the original price to get:

percentage = [new price] / [original price]

In this case, this is represented by 192300/203400, or 94.5%