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The price of a house is decreased from Rs 15,00,000 to Rs 12,00,000. Find the % of decrease.

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The price of a house is decreased from Rs 15,00,000 to Rs 12,00,000. Find the % of decrease.
1. 15%
2. 20%
3. 25%
4. 30%
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Correct Answer - Option 2 : 20%

Initial price of house = Rs. 15,00,000

Price of house after decrease = Rs 12,00,000

Perentage decrease = [(15,00,000 - 12,00,000)/15,00,000] × 100

∴ Perentage decrease = 1/5 × 100 = 20%

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