A house cost $250000 in the year 2000. in 2017, it sold for 230000. What is the percent of change?

Question

Mathematics

Nolan Ward

9 July, 10:45

A house cost $250000 in the year 2000. in 2017, it sold for 230000. What is the percent of change?

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Answers (1)

Know the Answer?

Michael Rojas · Answer 1

This is a - 8% change

Step-by-step explanation:

To find the percent change, use the percent change equation.

(New - Old) / (Old) * 100 = Percent Change

(230000 - 250000) / (250000) * 100 = Percent Change

-20000/250000 * 100 = Percent Change

-.08 * 100 = Percent Change

-8% = Percent Change