Question

Tim bought a new car for 25,000 one year later the value of the car decrease to 20,000 what is the percentage of the decrease of the car

Answer 1

The percentage decrease in the value of the car is;

`20\text{\%}`

Step-by-step explanation:

Given that the initial price of the car is;

`25,000`

And after one year the price decreased to;

`20,000`

The percentage change in the price will be;

`\begin{gathered} \text{ \%P }=(25000-20000)/(25000)*100\text{\%} \\ \text{ \%P }=(5000)/(25000)*100\text{\%} \\ \text{ \%P }=0.2*100\text{\%} \\ \text{ \%P }=20\text{\%} \end{gathered}`

Therefore, the percentage decrease in the value of the car is;

`20\text{\%}`