Question

The price of a house is originally listed at $150,000. The owners are having a hard time selling it and decide to reduce the price to $115,500. What is the percentage decrease of the price of the house?

Answer 1

there is a 23% decrease in the price of the house

Explanation:

percentage decrease of the price of the house = (price decrease of the house / initial price of the house) x 100

price decrease of the house =new price - initial price

$115,500 - $150,000 = $-34,500

( $-34,500 / $150,000) x 100 = -23%