The price of a house was originally listed as 20,000 dollars. Later, the owner decided to reduce the price to 18,000 dollars. What is the percentage of decrease in the price of the house?

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20%

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10%

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40%

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Solution

The correct option is C 10%
Difference between the prices of house = 20000-18000
= 2000

The percentage decrease of the price of the house = $\frac{C h a n g e i n p r i c e}{O r i g i n a l p r i c e}$ $\times$ 100
= $\frac{2000}{20000}$ $\times$ 100

= 10

Therefore, percentage decrease of the price of the house = 10%

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