Question

If a vehicle decreases in value from $30,000 to $23,500, what is the percent decrease?

Answer 1

30,000 - 23,500 = 6,500

`(6500)/(30000) * 100\% \\ = (650000)/(30000) \\ = 21.66\%`

The answer is 21.66% or 22% decrease.

Answer 2

First you would subtract 30000 - 23,500 = 6500

Now divide 6500 by the original number

6500/30000= 0.22

Multiply by 100 to get percent

22% decrease