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36. The price of a new home. According to the U.S. Census
Bureau, in 2007 the average price of a new home in the United
States was $314 thousand. By 2010, the price had dropped by
13.1%. To the nearest thousand, what was the average price of
a new home in 2010?

Respuesta :

Answer:

210

Step-by-step explanation:

because you use 13.% divided by the price

MrRoyal

The average price of a new home in 2010 is $273 thousand

How to determine the average price of a new home in 2010

The given parameters are:

  • Price drop = 13.1%
  • Average price of a new home in 2007 = $314,000

The average price of a new home in 2010 is calculated as:

Price = 2007 price * (1 - price drop)

So, we have:

Price = $314,000 * (1- 13.1%)

Evaluate

Price = $272866

Approximate

Price = $273,000

Hence, the average price of a new home in 2010 is $273 thousand

Read more about percentages at:

https://brainly.com/question/25567167

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