Question

12 The price of a house is originally listed at $120,000. The owners are having a hard time selling it and decide to reduce the price to $110,400. What is the percentage decrease of the price of the house? OA. 92% OB. 0.8% OC. 9.6% OD. 8%​

Answer 1

D:8%

Explanation:

If your starting value is $120,000 then it is marked down to $110,400 then the difference between the two is $9,600. Taking this value and dividing it by the starting value gives you the percentage. The number your calculator spits out is 0.08, so reading as a decimal, it is an 8% markdown.

Answer 2

Answer: 8 percent

Explanation:

120,000 - 110,400 = 9,600

9,600/120,000 = 0.08

0.08 * 100 = 8 percent