Question

If the average price of houses today is $80,000, compared to $75,000 one year ago, what is the percent of change?

Answer 1

`6.33%`

Explanation:

House prices increased(comparing to last year)

`$80,000 - $75,000 = $5000.`

So percentage of change = `[5,000]/[75,000] * 100%`

`= 6.33%`