SOLUTION: Due to depreciation the marked price of an old car was reduced by $6600 If the original marked price was $32000. Find the (i) ratio by which the price was reduced and (ii) rate

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Question 1117518: Due to depreciation the marked price of an old car was reduced by $6600 If the original marked price was $32000. Find the
(i) ratio by which the price was reduced and
(ii) rate of cent to the dollar of the reduction

Answer by josmiceli(19441) About Me  (Show Source):
You can put this solution on YOUR website!
(i)
+6600%2F32000+
+66%2F320+
+33%2F160+
(ii)
100x[ dollars/dollars ] = [ cents/dollars ]
+100%2A%28+33%2F160+%29+=+3300%2F160+
+20.625+
20 and 5/8 cents per dollar