The price of a house is originally listed at $140,000. The owners are having a hard time selling it and decide to reduce the price to $131,600. What is the percentage decrease of the price of the house?
Answers
Answered by
5
Step-by-step explanation:
Original price of the house = $ 245000
Due to problems in selling, the price was reduced to = $203350
Hence, the reduced amount is = 245000-203350245000−203350
= 4165041650
Percentage decrease =
\frac{Reduced amount}{original amount}\times100
originalamount
Reducedamount
×100
= \frac{41650}{245000}\times100
245000
41650
×100 =17%
Hence, the decrease percentage of the house is 17%.
Similar questions