Question

Last year, Shantell bought a car for $24,000. The current value of the car is $21,000. Find the percent decrease in the value of the car.

Answer 1

Last year, Shantell bought a car for 24 000 dollars. It decreases to 21 000 dollars this current year.
Let’s find for the percentage that it decreased.
=> in 24 000 the 50% is 12 000 as we all know since it’s divided by 2. So meaning, the possible answer is less than 50%.
=> now 25% of 24 000 is 6 000, and the amount that we’re looking is 3000, thus, the answer is 12.5%
=> 24 000 * 0.125 = 3000
=> 24 000 – 3000 = 21 000