Question

The price of a notebook in 2012 is $2000. In 2013, its value decreased by 30%. In 2014, its value decreased by 30% of its value in 2013. Find the value of the notebook at the end of 2013

Answer 1

The value of the notebook at the end of 2013 is $980

Explanation:

First, find 30% of 2,000. To do so you need to convert 30% into a decimal by dividing it by 100.

30% ⇒ 0.30

Now multiply 0.30 by 2,000 to find 30% of 2,000.

2,000 × 0.30 = 600

Subtract 600 from 2,000 to find the price of the notebook in 2013.

2,000 - 600 = 1,400

Now find 30% of 1,400 using the same process.

1,400 × 0.30 = 420

Subtract 420 from 1,400 to find the price of the notebook in 2014.

1,400 - 420 = 980