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.
Percentage of loss will be calculated as:
The change in value was 8% which amounts to $1630
Keywords: Loss, Percentage loss
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