Question

The price of a house is originally listed at $155,000. The owners are having a hard time selling it and decide to reduce the price to

$128,650. What is the percentage decrease of the price of the house?

1.7%

17%

83%

26.35%

Answer 1

83%

Explanation:

We can put this into a fraction to get the ratio of the new price over the old price

`(128650)/(155000)`

This will give us the percentage of how much was decreased.

The answer you get is .83

Bring 2 decimal places to the right to get 83 (converting from decimal to percentage)

You get 83 percent to be your answer