Question

The price of a house is originally listed at $245,000. The owners are having a hard time selling it and decide to reduce the price to $203,350. What is the percentage decrease of the price of the house?

Answer 1

17 percent

Explanation:

Answer 2

Original price of the house = $ 245000

Due to problems in selling, the price was reduced to = $203350

Hence, the reduced amount is =
`245000-203350`

=
`41650`

Percentage decrease =

`(Reduced amount)/(original amount)*100`

=
`(41650)/(245000)*100` =17%

Hence, the decrease percentage of the house is 17%.