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Lance bought a used car for $5500. He sold it two years later for $2475. What is the percent change of the price?
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3 votes
Lance bought a used car for $5500. He sold it two years later for $2475. What is the percent change of the price?

User Jnatalzia
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5.9k points

1 Answer

3 votes

Answer: 55%

Explanation:

2475/5500 = .45

He sold it for 45% of the price, so it went down by 55%

User Feruza
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5.4k points
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