Question

Joel is selling a motorcycle for $2,535. He bought the

motorcycle two years ago and paid $4,721 for it. It depreciated
35% during the two years. Is he losing money or making money
on this sale

Answer 1

Making money

Explanation:

selling motorcycle for 2,535

After 2 years the motorcycle is worth:

y = 4721(0.65)^2

= 1994.6

2535> 1994.6

Answer 2

Joel is selling a motorcycle for $2,535. He bought the

motorcycle two years ago and paid $4,721 for it. It depreciated

35% during the two years. Is he losing money or making money

on this sale