Question

Twenty years ago, bruce wayne bought a batmobile for 250250250 million dollars. as the crime in gotham city has been down for a while, he plans to sell it. how much can he get for the batmobile if the price goes down by 20\%20%20, percent every decade?

Answer 1

Bruce will receive $160 million for the batmobile.

What is percentage?

The term "percentage" comes from the Latin phrase "per centum," meaning means "by the hundred." Percentages is fractions with a denominator of 100.

In other terms, it is the relationship between portion and whole in which the value of the whole is always assumed to be 100.

Calculating a percentage implies determining a portion of a whole in term of 100. A percentage can be calculated in two ways:

1. The unitary technique is used.
2. By adjusting the fraction's denominator to 100.
3. It must be noted that second method of percentage calculation is not employed when the denominator isn't a factor of 100. In such circumstances, we employ the unitary technique.

Now, according to the question;

Given that prices fall about 20% every decade;

Thus,  100% - 20% = 80%

He paid $250 million for a batmobile twenty years ago.

Let Bruce to receive x millions of dollars for the batmobile.

⇒ 80% of x = 80/100 × x = 4/5 x

⇒ x = 250(4/5)(4/5)

⇒ x = 250(16/25)

⇒ x = 160

As a result, Bruce will receive 160 millions of dollars for such batmobile.

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The correct question is-

Twenty years ago, Bruce Wayne bought a batmobile for 250 million dollars. As the crime in Gotham city

has been down for a while, he plans to sell it.

How much can he get for the batmobile if the price goes down by 20% every decade? million dollars