Question

The value of Maggie's car decreased by 20% since last year, when she bought it. If the car is now worth $14,000.00, how much was the car worth when she bought it? A. $16,800.00 B. $16,470.59 C. $18,666.67 D. $17,500.00

Answer 1

Her car was worth 20% more last year than is is now, so we can say that the value of the car last year was 120% of the car's value now. To find that, we multiply the value of her car now (14000) by 1.2(aka 120%). This equals $16800.