SOLUTION: The value of Maggie's car decreased by 15% since last year, when she bought it. If the car is now worth $17,000.00, how much was the car worth when she bought it? A. $21,250.00

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Question 812977: The value of Maggie's car decreased by 15% since last year, when she bought it. If the car is now worth $17,000.00, how much was the car worth when she bought it?
A. $21,250.00
B. $19,550.00
C. $18,888.89
D. $20,000.00
Answer by ewatrrr(24785) About Me  (Show Source):
You can put this solution on YOUR website!
Hi, Previously answered
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