A commercial property purchased for 1.2 million is revalued at 995,000. Calculate the percentage decrease in the property’s value

Question

A commercial property purchased for 1.2 million is revalued at 995,000. Calculate the percentage decrease in the property’s value

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Maria 7 months 2021-10-04T01:40:40+00:00 2 Answers 0 views 0

Answers ( )

  1. Piper
    0
    2021-10-04T01:42:07+00:00
    Reply

    Answer:

    17%

    Step-by-step explanation:

    1,200,000- 995,000= 205,000

    205,000/1,200,000=17%

  2. Piper
    0
    2021-10-04T01:42:17+00:00
    Reply

    Answer:

    17%

    Step-by-step explanation:

    First: work out the difference (decrease) between the two numbers you are comparing. Then: divide the decrease by the original number and multiply the answer by 100.

    First:

    1,200,000 – 995,000 = 205,000

    Then:

    205,000 / 1,200,000 = 0.17

    0.17 × 100% = 17%

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