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 Subject: Percentage math questions Category: Business and Money > Accounting Asked by: tanstafaal-ga List Price: \$10.00 Posted: 30 Jan 2005 08:44 PST Expires: 01 Mar 2005 08:44 PST Question ID: 465813
 ```How do you work out the percentage difference between an asking price and the actual selling price: example.... a property is for sale for \$350,000 but sells for \$235,000. What is the percentage loss in price?```
 Subject: Re: Percentage math questions Answered By: markj-ga on 30 Jan 2005 09:21 PST Rated:
 ```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```
 tanstafaal-ga rated this answer: and gave an additional tip of: \$5.00 ```Prompt answer and so detail that made it extremely understandable. Much appreciated.```

 ```I`m terrible at working out percentages and always use an online percentage calculator like this one. http://www.student-manual.com/study/subjects/maths/calcpercent.htm```
 ```tanstafaal -- Thanks for the kind words, the five stars and the nice tip. markj-ga```