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You bought a car for $20,000. You have owned it for one year, and it is now worth $16,000. What is the percent decrease in your car's value?

You bought a car for $20,000. You have owned it for one year, and it is now worth $16,000. What is the percent decrease in your car's value?
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1 vote
You bought a car for $20,000. You have owned it for one year, and it is now worth $16,000. What is the percent decrease in your car's value?

asked
User Jamil Hasnine Tamim
by
7.6k points

2 Answers

7 votes
the price decreased $4,000 so the percentage would maybe be 25%
answered
User Chiffa
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8.5k points
3 votes
If you divided it into fourths (the value for which you bought it),it would be 1/4 decrease which means 25 percent decrease.
answered
User Mithrandir
by
8.6k points
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