According the the U.S. Census Bureau, in 2007 the average price of a new home in the

U.S. was $314,000. By 2008, the price had dropped by 13.1%. What was the average price
of a new home in 2008? (Type you answer below as a whole number)

Could someone please help me find the answer I’m stuck thank you.

2 answers

$314000 * (1 - .131) = ?

Is this correct? 272 866

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