Question

A used appliance store estimates that the value of an oven-range combination decreases by about 10% in the first year of use. If the original price of a one-year-old oven-range combination was $1,100, what is the value of the oven-range now?

Answer 1

Assuming that NOW represents 1 year of use, then the value of the oven-range is (1 - 0.10)($1100), or 0.90($1100), or $990.

Answer 2

The answer is $990.

Explanation:

A used appliance store estimates that the value of an oven-range combination decreases by about 10% in the first year of use.

So, when the original price of a one-year-old oven-range combination was $1100, then after 1 year the value will be :

`1100-(0.10*1100)=990` dollars

The answer is $990.