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Computation of the percent decrease

Our study group is trying to solve the following practice problem... please help:

Ms. Clark was not able to sell her house for $110,000, so she lowered the price to $95,000. What was the percent decrease? Solve. Round to the nearest tenth if necessary.

Please solve and show answer. Thanks!

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Percentage decrease= Change in price/Original price *100

= (110000-95000)/110000 *100
=15000/110000 *100
=13.64%

Note:
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Solution Summary

This explains the Computation of the percent decrease

$2.19