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.