The price of a house is originally listed at $105,000. The owners are having a hard time selling it and decide to reduce the price to $88,200. What is the percentage decrease of the price of the house?

A percentage change can be calculated using ...

... percent change = ((new value) - (original value)) / (original value) * 100%

Filling in the numbers gives

... percent change = ((88,200 - 105,000) / (105,000) * 100% = - 0.16 * 100% = - 16%

A negative number for a percentage change indicates a decrease.

The price of the house decreased by 16%.