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Last year you purchased a new car for $18,500. Today you sold the car for $14,750. If the car's value is measured by what someone is willing to pay for it, what was the per…

Last year you purchased a new car for $18,500. Today you sold the car for $14,750. If the car's value is measured by what someone is willing to pay for it, what was the per…
asked 183k views
7 votes
Last year you purchased a new car for $18,500. Today you sold the car for $14,750. If the car's value is measured by what someone is willing to pay for it, what was the percentage change in the value of the a car

asked
User Nomistic
by
8.4k points

1 Answer

9 votes

Answer:

-20.27%

Step-by-step explanation:

Value = ($14,750 / $18,500) - 1 = -20.27%

answered
User Peter Watts
by
8.3k points
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