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#1 2020-08-09 23:59:40

sybil8464
Member
Registered: 2020-08-01
Posts: 8

Percentage Change

Find the change in home values and the percentage change. With the housing market crash, the average home values decreased from 304,000 to 232,000. (Round to the nearest tenth of a percent.)

Change: __________________.
Percentage Change: __________________.

1)    72,000; 23.7%

2)    -232,000; -76.3%

3)    232,000; 76.3%

4)    -72,000; -23.7%

I chose option 4 as my answer. I simply subtracted 304,000 from 232,000 and calculated my percentage, since it is a decrease, I used the -72,000 and -23.7% as my answer. Is this correct please?

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#2 2020-08-10 00:27:26

ganesh
Administrator
Registered: 2005-06-28
Posts: 31,704

Re: Percentage Change

Hi sybil8464,

Welcome to the forum!

Original value = 304,000.
Reduced value = 232,000.
Difference = 72,000 decrease.
Percentage decrease = -23.68% approximately, roughly -23.7%.


It is no good to try to stop knowledge from going forward. Ignorance is never better than knowledge - Enrico Fermi. 

Nothing is better than reading and gaining more and more knowledge - Stephen William Hawking.

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#3 2020-08-10 01:35:23

sybil8464
Member
Registered: 2020-08-01
Posts: 8

Re: Percentage Change

Thank you for confirming. Just thought maybe it was too easy for my answer to be right and I was missing something. lol

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