Register
Last year you purchased a new car for $18,500. Today you sold the car for $14,750. If the car's value is measured by what someone is willing to pay for it, what was the percentage change in the value of
183k views
7 votes
Last year you purchased a new car for $18,500. Today you sold the car for $14,750. If the car's value is measured by what someone is willing to pay for it, what was the percentage change in the value of the a car

User Nomistic
by
4.9k points

1 Answer

9 votes

Answer:

-20.27%

Step-by-step explanation:

Value = ($14,750 / $18,500) - 1 = -20.27%

User Peter Watts
by
4.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

4.5m questions

5.9m answers

Other Questions

How can expansionary​ expenditure-based fiscal policy lead to crowding out in the​ economy? A. ​Expenditure-based fiscal policy increases the national​ debt, inducing​ forward-looking households and firms
Everyone has a unique spending plan. Which of the following factors has the greatest effect on a person's spending decisions?
Stevenson Company purchased equipment for $250,000 on January 1, 2010. The estimated salvage value is $50,000, and the estimated useful life is 5 years. The straight-line method is used for depreciation.
In order to attract younger customers to the Lacoste brand of clothing, CEO Robert Siegel made all of the major decisions in product planning, distribution, and promotion. He asked for no input from his
Andrew doesn’t want to spend a lot of money on student loans, and does not qualify for grants. what is his best option for affording a bachelors degree
Link Copied!