Question

The price of a house is originally listed at $110,000. The owners are having a hard time selling it and decide to reduce the price to $101,200. What is the percentage decrease of the price of the house?

Answer 1

8%

Explanation:

110000 - 101200 = 8800 (change)

change/original price X 100

8800/110000 = 0.08

0.08 X 100 = 8