Question

Diego wants to sell his bicycle. It cost $150 when he bought it but has depreciated by 15%. How much should he sell it for?

Answer 1

To calculate the selling price of Diego's bicycle, multiply the original cost by the depreciation rate and subtract that amount from the original cost.

Step-by-step explanation:

Depreciation is the decrease in value of an asset over time. To calculate the selling price of Diego's bicycle, we multiply the original cost of the bicycle ($150) by the depreciation rate (15%) and subtract that amount from the original cost.

First, calculate the depreciation amount: $150 x 15% = $22.50

Next, subtract the depreciation amount from the original cost: $150 - $22.50 = $127.50

Therefore, Diego should sell his bicycle for $127.50.

Answer 2

$127.50

Step-by-step explanation:

15/100 = 0.15

0.15 x 150 = 22.5

150 - 22.5 = 127.5