Question

Alex originally paid $5200 for her car 1 year ago. The value of her car now is $4,420. What is the percent of decrease in the value of her car?

Answer 1

there is 15% lost in value

Answer 2

Answer: 15%

Explanation:

Given: The original value of car :
`\$5,200`

The value of car after one year :
`\$4,420`

Now, the percent of decrease in the value of her car is given by :-

`\frac{\text{Change in price}}{\text{Original price}}*100\\\\\\=(5200-4420)/(5200)*100=15\%`

Hence, the percent of decrease in the value of her car = 15%