One year ago the median price for a home was $342,000. Now the current median price for a home is $215,000. What was the percent decrease in the median price of a home over the last year? Give your answer to at least one decimal place.
In this problem
$342,000 ------> represents 100%
so
Applying proportion
Find out how much percentage represents the difference (342,000-215,000=127,000)
100/342,000=x/127,000
solve for x
x=(100/342,000)*127,000
