Question

If the average price of houses today is $80,000, compared to $75,000 one year ago, what is the percent of change?

Answer 1

Answer:

Answer:

6.33%

Explanation:

House prices increased(comparing to last year)

$80,000−$75,000=$5000.

So percentage of change = 5,00075,000⋅100%

=6.33%

Step-by-step explanation:

Answer 2

The change is as follows:-

$= 100 - \frac{75000}{80000} \times 100$

$= 100 - \frac{750}{8} = 100 - 93.75$

$= 6.25\%$

Hence the change is 6.25%

Hope, this helps you..

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