Problema Solution
your parents purchased thier home in 1980 for $60,000. an online website shows the vaule of the house is now $200,000. write an equation or proportion and calculate the percent change.
Answer provided by our tutors
original price = 60000
new (predicted) price = 200000
equation of proportion (new/old):
p = 200000/60000 = 3.333
the proportional value, p, then represents an increase of 333% in value:
p% = 100. * (200000/60000) = 333.3%