To calculate the percentage decrease in the price of the house, you can use the following formula:
\[ \text{Percentage Decrease} = \left( \frac{\text{Original Price} - \text{New Price}}{\text{Original Price}} \right) \times 100 \]
In this case, the original price is $210,000, and the new price is $197,400.
- Calculate the decrease in price:
\[ \text{Decrease} = \text{Original Price} - \text{New Price} = 210,000 - 197,400 = 12,600 \]
- Now, plug the values into the percentage decrease formula:
\[ \text{Percentage Decrease} = \left( \frac{12,600}{210,000} \right) \times 100 \]
- Calculate the percentage:
\[ \text{Percentage Decrease} = \left( 0.06 \right) \times 100 = 6% \]
Therefore, the percentage decrease in the price of the house is 6%.