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Mr. Bennett purchased a condo several years ago at a selling price of $329,550. Recently he had the condo appraised and it is now worth $184,548. By what percent did the value of the condo go down?

Respuesta :

Answer:

44%

Step-by-step explanation:

Given that,

Initial price = $329,550.

Final price = $184,548

We need to find by what percent the value of the condo go down. The percent decrease or increase is givnen by the formula as follows :

[tex]\%=\dfrac{\text{change in value}}{\text{initial value}}\times 100\\\\=\dfrac{329,550-184,548}{329,550}\times 100\\\\=44\%[/tex]

So, the value go down by 44%.

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