Question : In 2001, the price of a building was 80% of its original price. In 2002, the price was 60% of its original price. By what percentage did the price decrease?
Option 1: 15%
Option 2: 20%
Option 3: 25%
Option 4: 30%
Answer (1)
24th Jan, 2024
Correct Answer: 25%
Solution :
Change in price = (80 – 60) = 20%
The base price of that year = 80%
Required Percentage $=\frac{20}{80} × 100 = 25\%$
Hence, the correct answer is 25%.
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