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?
Original price of the house = $ 245000 Due to problems in selling, the price was reduced to = $203350 Hence, the reduced amount is = = Percentage decrease =
= =17% Hence, the decrease percentage of the house is 17%.