Question

Last year shantell bought a car for 24,000. The current value of the car is 21,000. Find the precent decrease in the value of the car.

Answer 1

12.5%

Explanation:

The percent decrease is calculated using

percent decrease =
`(decrease)/(original cost)` × 100%

decrease = 24000 - 21000 = 3000

percent decrease =
`(3000)/(24000)` × 100% = 12.5%