The value of a house decreased from $108,000 to $82,000. Determine the percent decrease for the value of the house.
a) =74%
b) =68%
c) =32%
d) =24%
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24%
To determine the percent decrease, you need to find the difference between the original value and the new value, and then calculate what percentage of the original value that difference represents.
The original value of the house is $108,000, and the new value is $82,000.
To find the difference, subtract the new value from the original value:
$108,000 - $82,000 = $26,000
Now, you need to find what percentage of the original value that difference represents. Divide the difference by the original value and multiply by 100 to convert it to a percentage:
($26,000 / $108,000) * 100 ≈ 24.07%
Therefore, the percent decrease for the value of the house is approximately 24%, which means the correct answer is option d) =24%.