A reduction of 15% per year means 100-15=85% reducing factor.
1st year: 0.85×18000=$15300.
2nd year: 0.85×15300=$13005.
3rd year: 0.85×13005=$11054.25.
So after 3 years the value of the car is $11054.25 or $11054 to the nearest dollar.
1. 55
2. N/A - Sorry. I can’t see the numbers properly.
3. 180
Cost of goods = 1,500
Selling expense = 500
Total cost in selling = 1500 + 500 = 2000
Profit = Total Revenue - Total cost in selling = 3000 - 2000 = 1000
Profit = 1000
Hope this explains it.
The answer is -485.
To find this we first need to get rid of the 5 in the denominator.
100 =

So we multiply each side by 5.
500 = 15 - x
Now we need to get rid of the 15. So we subtract 15 from both sides.
485 = -x
Then since our x is negative, we need to divide by -1.
-485 = x