Question

A new car loses 11% of its value the moment you drive it out of dealership parking lot as a new owner. Mr. Green paid $31000 for his new car. How much does his car cost when he gets to the road?

Answer 1

Since you need to subtract 11% by 31,000 your answer will be 27,590

Answer 2

Answer: $ 27,590

Explanation:

The amount paid by Mr. Green for the car = $31,000

The percentage of loss = 11%=0.11

Now, 11% of the amount paid by Mr. Green is given by :-

`0.11*\$31,000=\$3,410`

Now, the amount of car when he gets to the road is given by :-

`31,000-3,410=\$27,590`

Hence, the car costs $ 27,590 when he gets to the road.