SOLUTION: A car generally depreciates 25% of its original price the first year. If a car is worth $27300 after the first year, what was it's original cost?

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Question 364132: A car generally depreciates 25% of its original price the first year. If a car is worth $27300 after the first year, what was it's original cost?
Answer by amoresroy(361) About Me  (Show Source):
You can put this solution on YOUR website!
A car generally depreciates 25% of its original price the first year. If a car is worth $27300 after the first year, what was it's original cost?
Hi
Let x = the original cost of car
Here's the equation
(1 - .25)x = 27,300
.75x = 27,300
x = 27,300/.75
x = 36,400
The original cost of car was $36,400.
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Regards,
Roy A