Question

the price of a new 2014 jeep grand Cherokee cost about 37,000 when originally bought. today that same car is only worth 15,910. what was the percent decrease of the car

Answer 1

The percent decrease price is 57%.

Given:

Original cost is, C = 37000.

New cost is, N = 15910.

The objective is to find the percentage decrease of the price.

The formula to find the percentage decrease is,

`\text{Percentage decrease=}(N-C)/(C)*100`

Now, substitute the given values in the above equation.

`\begin{gathered} \text{Percentage decrease=}(15910-37000)/(37000)*100 \\ =-(21090)/(37000)*100 \\ =-0.57*100 \\ =-57\text{ percentage} \end{gathered}`

THe negative sign indicate the decrease in percentage.

Hence, the percent decrease price is 57%.