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The value of a new motorcycle depreciates by 20% once you drive it off the lot. What would the approximate price (before tax) be of a $19 465 motorcycle once driven home?

2 Answers

4 votes

Final answer:

The value of a $19,465 motorcycle, after depreciating by 20% when driven off the lot, would be approximately $15,572 before tax.

Step-by-step explanation:

The question pertains to the calculation of depreciation of a motorcycle's value. The initial purchase price of the motorcycle is $19,465.

To calculate the depreciated value after a 20% reduction, you can use the formula:

Depreciated Value = Original Price × (1 - Depreciation Rate)

In this case:

Depreciated Value = $19,465 × (1 - 0.20)

Depreciated Value = $19,465 × 0.80

Depreciated Value = $15,572

User Wige
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8 votes

Answer:

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Step-by-step explanation:

User Tyshan
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