Question

Question 3,4&5 Cindy bought a car for $21,330. A few years later she sold the car for $19,700.find the percent of change in the value?

Answer 1

The change in value was 8% which amounts to $1630

Further explanation:

The change in value is calculated by using the initial price and selling price of the car.

Given

Purchase Price = P = $21330

Selling Price = S = $19700

As the selling price is less than the purchase price, Cindy had loss.

$Loss=L= Cost\ price-selling\ price\\=21330-19700\\=\ 1630$

Percentage of loss will be calculated as:

$Percent\ loss=\frac{1630}{21330}*100\\=8\%$

The change in value was 8% which amounts to $1630

Keywords: Loss, Percentage loss

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