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30 December, 02:58

The price of a house is originally listed at $195,000. The owners are having a hard time selling it and decide to reduce the price to $146,250. What is the percentage decrease of the price of the house?

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  1. 30 December, 03:00
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    25% decrease

    Step-by-step explanation:

    1) The formula to find a percentage change is

    Final amount - Initial amount / Initial amount

    then multiply the answer you get by 100

    2) Apply that formula to this problem

    146,250-195,000/195,000 = - 0.25

    -0.25•100 = - 25% which means a 25% decrease
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