Question

Since Marnie has bought her car,the value has gone down 15%.If her car is 13000 right now,how much was it worth when she bought it?

Answer 1

Percentage of depreciation of the car that Marie bought = 15%
Present value of the car = 13000
Let us assume that the value of the car at the time of buying = x
So
The percentage valuation of the car now = (100 - 15) percent
= 85 percent
Then
(85/100) * x = 13000
85x = 13000 * 100
85x = 1300000
x = 1300000/85
= 15294.12
So the actual cost of the car is 15294.12. I hope the procedure is clear enough for you to understand.