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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%


Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 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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