Percent increase or decrease = [(difference in prices)/(original price)](100)
So, Percent decrease = [(430 - 290)/430](100)
= (0.3255)(100) = 32.55%
Mick V.
asked • 06/28/17Percentage decrease
I have a rental property I was renting for $430 p/w. Due to the market I now only get $290 p/w. What is the percentage decrease between the two amounts?
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2 Answers By Expert Tutors
Andrew M. answered • 06/28/17
Tutor
New to Wyzant
Mathematics - Algebra a Specialty / F.I.T. Grad - B.S. w/Honors
290 is what percent of 430?
290 = (x/100)(430)
x = 290(100)/430 = 67.44%
If $290 is 67.44% of $430 can you
determine the percent decrease?
Mick V.
Hi Andrew, so I could say that the income I recieve from my rental property has reduced by roughly 33%. Would that be correct?
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06/28/17
J.R. S.
tutor
Yes. That would be correct.
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06/28/17
Andrew M.
32.56%, which, if rounded to a whole
percentage would be 33%
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06/28/17
Mick V.
Brilliant thank you :-)
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06/28/17
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Mick V.
06/28/17