Question

Mr Jones buys a new car for £14 995. By the end of the year the value of the car has gone down by 40%. How much is the car now worth?

Answer 1

£8997

Explanation:

Given data

Mr Jones buys a new car for £14 995

let us find the value of 40% of £14 995

=40/100* £14 995

= 0.4* £14 995

= £5998

Hence the car will cost

=£14 995- £5998

=£8997