Question

The price of a house is originally listed at $115,000. The owners are having a hard time selling it and decide to reduce the price to $86,250. What is the percentage decrease of the price of the house?

25%
75%
28.75%
2.5%

Answer 1

Percentages can be found by dividing the partial value out of the total.

In this case we have a partial value of 86250 and the total of 115000.

86250/115000 = 0.75

Multiply that number by 100 to get the percent. 0.75 * 100 = 75%

So 86250 is 75% of the original total of 115000. However we want the percentage taken off the original price of the house.

100% is represented by 1, so if we subtract 0.75 from 1 we get our answer.

1 - 0.75 = 0.25 or 25%

Answer 2

I believe it's 2.5% I hope this helped