SOLUTION: A car cost Rs. 60000 when it is new. After one year its value goes down to Rs. 40000. By how much percent has its value decrease.

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Question 1051776: A car cost Rs. 60000 when it is new. After one year its value goes down to Rs. 40000. By how much percent has its value decrease.
Answer by Boreal(15235) About Me  (Show Source):
You can put this solution on YOUR website!
per cent decrease is absolute decrease divided by original amount
the decrease was 20000 Rs.
the original amount was 60000 Rs.
That fraction is 1/3
The per cent decrease is 33 1/3%.