Work out the percentage change when a price of £400 is decreased to £225
2 answers:
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Answer: $ 290 thousand
Step-by-step explanation:
Given : According to a certain central bank from 2000 to 2016 the average price of a new home in a certain region increased by 62 % to $470 thousand.
Let X be the the average price of a new home in 2000 .
Then , the 62 % increase in price is given by :-
Since , the the average price of the home in 2016 = $470 thosand
Hence, the average price of a new home in 2000 = $ 290 thousand .