Question 717734: A person bought a new car for $30,000. A month later this person decides to sell the car and learns that the value of the car has dropped to $26,000. What is the percent of depreciation for the car rounded to the nearest percent? I am horrible with percentages please help me.
Answer by jndarrell(58)   (Show Source):
You can put this solution on YOUR website! What you are looking for is the % that it depreciated. Follow:
Original - new = depreciation/difference/discount
30,000-26,000= 4,000
Set your proportion to find the percentage
4,000/30,000 = x/100
Cross multiply
30,000x = 400,000
Divide both sides by 30,000 to get x alone
x=13.3333
It asks to round to the nearest percent... 13%
:)
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