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A new car costs $127,000. After one year, its value is $105,000. Find the

percentage decrease in the value of the car.

User Thorwhalen
by
7.3k points

1 Answer

3 votes

Answer:

Step-by-step explanation:

To find the percentage decrease in the value of the car, we need to calculate the percentage difference between the original price and the current price.

Step 1: Calculate the difference between the original price and the current price.

$127,000 - $105,000 = $22,000

Step 2: Calculate the percentage difference by dividing the difference by the original price and multiplying by 100.

($22,000 / $127,000) x 100 = 17.32%

Therefore, the percentage decrease in the value of the car is 17.32%.

Step-by-step explanation:

The percentage decrease is calculated by finding the difference between the original price and the current price and then expressing that difference as a percentage of the original price. In this case, the original price of the car is $127,000 and the current price is $105,000. The difference between these two prices is $22,000. To find the percentage decrease, we divide this difference by the original price ($127,000) and then multiply by 100 to express it as a percentage. The resulting percentage, 17.32%, represents the percentage decrease in the value of the car.

User Jacob King
by
8.4k points
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