Questions: A house on the market was valued at 366,000. After several years, the value decreased by 19%. By how much did the house's value decrease in dollars? What is the current value of the house?

A house on the market was valued at 366,000. After several years, the value decreased by 19%. By how much did the house's value decrease in dollars? What is the current value of the house?
Transcript text: A house on the market was valued at $366,000. After several years, the value decreased by 19%. By how much did the house's value decrease in dollars? What is the current value of the house?
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Solution

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Solution Steps

Step 1: Calculate the decrease in value

The house decreased in value by 19% of its original value. So, the decrease is 0.19 * $366,000 = $69,540.

Step 2: Calculate the current value

The current value is the original value minus the decrease: $366,000 - $69,540 = $296,460.

Final Answer

Decrease in value: $69,540 Current house value: $296,460

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