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12 September, 14:55

The price of a new car is $40,000 while the price of a five-year old car of the same brand is $16,000. The next year the price of the new car increases to $44,000 and the price of a five-year old car of the same brand is $17,600. The relative price of the used car

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  1. 12 September, 15:38
    0
    0.4

    Explanation:

    Relative Price of Used Car

    = Change in Price of Used Car / Change in Price of New Car

    $ (17600-16000) / (44000-40000)

    $1600/4000

    = 0.4
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