Question

At the end of the year, cars made in the current year are marked down to make room for next year's models. One particular model had a sticker price of $42,030 when it was new. After being marked down, the price is now $37,827. What is the percent of decrease in the price of the car?

Answer 1

42030-37827/42030 x100

=4203/42030 x 100

=0.1 x 100

=10%