Answer:
~23.33%
Step-by-step explanation:
The formula to find percent decrease is:
100((Original Amount - New Amount)/Original Amount)
Since the original price of the house was $150,000 we can substitute the original amount for 150,000. Use this logic to substitute the new amount for 115,000. The expression you get is:
100((150,000 - 115,000)/150,000)
which equals approximately 23.33.
