Question

The value of Maggie's car decreased by 15% since last year, when she bought it. If the car is now worth $18,000.00, how much was the car worth when she bought it? A. $20,000.00 B. $20,700.00 C. $22,500.00 D. $21,176.47

Answer 1

The value of Maggie's car decreased by 15% since last year
now worth $17,000.00, 85% of when she bought it at price P
.85P = $17,000.00
P = $17,000.00/.85 = $20,000.00