Question

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

Answer 1

Around 5.4572271...% decrease
(i’m not sure what to round it to)

subtract 192,300 from 203,400 to find the amount of change
(= 11,100)

then divide that amount from the original price (203,400)

then multiply that number by 100 to get a percent

finally round to a reasonable percent

Answer 2

203,400-192,300=11,100
11,100/203400= 5.46%
It decreased by 5.46%