The selling price of the house from the bank was dropped from k200000.00 to 190000.oo.By what percent did the price drop?
Ahh -- you found another name for your posts. Does this make 12 or 14 different names you've used here today?
What do you think the answer is?
To determine the percentage drop in price, you need to calculate the difference between the original price and the new price, and then express that difference as a percentage of the original price.
Step 1: Calculate the difference in price.
Original Price = K200,000.00
New Price = K190,000.00
Price Drop = Original Price - New Price
Price Drop = K200,000.00 - K190,000.00
Price Drop = K10,000.00
Step 2: Calculate the percent drop in price.
Percent Drop = (Price Drop / Original Price) * 100
Percent Drop = (K10,000.00 / K200,000.00) * 100
Percent Drop = (0.05) * 100
Percent Drop = 5%
Therefore, the price dropped by 5%.