tanstafaal --
Your amswer is 32.9 percent. The way you get the answer is as follows:
1. First, figure the dollar amount of the difference between the
asking price and the selling price. $350,000 (asking price) minus
$235,000 (selling price) equals $115,000.
2. Thus, $115,000 is the "loss in price." Once you know the "loss in
price" you can determine what percentage that loss is of the "asking
price."
3. To do that, you first divide $115,000 ("loss in price") by $350,000
("asking price." The result of that division is .329.
4. To convert a "decimal" number like .329 into a "percentage" you
multiple it by 100 (which is the same thing as moving the decimal
point two places to the right). The result of that multiplication is
32.9. This means that the loss in price of $115,000 from an asking
price of $350,000 equals 32.9%.
A plain language way of stating this result is to say, "This property
sold for 32.9 percent less than its asking price."
Additional information:
Here is a link to a useful chart showing how to convert numbers back
and forth from decimals, fractions and percentages:
Argyll: Applications of Percent
http://argyll.epsb.ca/jreed/math8/strand1/1104.htm
Search Strategy:
I know how to do the math involved, so my research and drafting of my
answer were focused on making the process as understandable as
possible. I used the following Google search to find the site linked
above:
converting decimal percentage
://www.google.com/search?hl=en&rls=GGLB,GGLB:1969-53,GGLB:en&q=converting+decimal+to+percentage&spell=1
I am happy to be able to give you a prompt response. If anything is
unclear, please ask for clarification before rating the answer.
markj-ga |