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Commission and Brokerage

The price of ...

Question

The price of a house is decreased from Rupees Fifteen lakhs to Rupees Twelve lakhs. Find the percentage of decrease.

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Solution

Original price $=$ $15, 00, 000$
Change in price $=$ $12, 00, 000$
Decrease in price $= 15, 00, 000 - 12, 00, 000 = 3, 00, 000$
$∴$ Percentage of decrease $= \frac{300000}{1500000} \times 100 = 20$ %

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