Question

In one month, the median home price in the West fell from $203,400 to $192,300. Find the percent decrease.
Round your answer to the nearest tenth of a percent.

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%

Answer 2

Answer: Rounded to the nearest tenth it is a 5.5% decrease.

Step-by-step explanation:

203,400-192,300=11,100

then we want to find out what percent 11,100 is of the original number 203,400

11,100= p x 203,400

11,100 divided by 203,400

p= 0.054

multiply p by 100 to get the percentage. 5.5%