my house appraised for 150,000 and owe 123,000 what is the percent equity?

my house appraised for 150,000 and owe 123,000 what is the percent equity?
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150000-123000=27000 after paying the debt.

27000/150000=(3000/3000)(9/50)=(9/50)×100%=18% equity.
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