Question

12. Scotty bought a used truck for $3,000. If it had been new, hewould have paid $15,000. What is the percent decrease?

Answer 1

Given:

The cost of of the used truck = $3,000

The cost of the new truck = $15,000

So, the difference = 15,000 - 3,000 = 12,000

So, the percent decrease =

`(12000)/(15000)\cdot100=(12)/(15)\cdot100=0.8\cdot100=80\%`

So, the answer is 80%