Question

The selling price of an apartment dropped from 250,000 to 225,000. By What percent did the price drop?

Answer 1

Answer:

10%

Step-by-step explanation:

The percentage decrease in price = $\frac{decrease amount}{original amount}$ x 100%

Original amount = 250,000

New amount = 225,000

Decrease in amount = 250,000 - 225,000

                        = 25,000

So that;

Percentage decrease in price = $\frac{25000}{250000}$ x 100%

                                           = 0.1 x 100%

Percentage decrease in price = 10%

The price of the apartment dropped by 10% of its original price.