Question

If you buy a car for 15500 an average on an average a new car loses 11% of its value the moment that is driven off the lot once you driving the car back to your new car off the lot what is the value be

Answer 1

$13,795

Explanation:

15500/x=100/11

(15500/x)*x=(100/11)*x - we multiply both sides of the equation by x

15500=9.0909090909091*x - we divide both sides of the equation by (9.0909090909091) to get x

15500/9.0909090909091=x

1705=x

x=1705

now we have:

11% of 15500=1705