we are given
the median price of homes decreased in the United States
old price is $360,000
after 1 year
new price is $253,800
Decrease in price = old price - new price
Decrease in price =$360,000 -$253,800
Decrease in price =$106200
now, we can find percent in decrease
percent in decrease = (decrease in price)/(old price) *100
[tex] =\frac{106200}{360000}*100 [/tex]
percent in decrease is 29.5%.....................Answer
