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!
Percentage decrease= Change in price/Original price *100
= (110000-95000)/110000 *100
This explains the Computation of the percent decrease