Question

Mort bought his house in 2004 for $279,000. it was recently appraised at $186,000. What is the approximate percent of decrease in value​

Answer 1

Answer:

33.3%

Step-by-step explanation:

(279,000 - 186,000) / 279,000 = 0.33333333333

0.33333333333*100= 33.3333333333

Formula used:

$V_{2} -V_{1}$ / $V_{2}$ × 100

V2= 279,000

V1= 186,000