A car generally depreciates 25% of its original value in the first year lonnoes car is worth $27300.00 after the first year. What was it's original cost?

Question

Mathematics

Alexandra

19 December, 19:07

A car generally depreciates 25% of its original value in the first year lonnoes car is worth $27300.00 after the first year. What was it's original cost?

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Answers (1)

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Shaniya Pacheco · Answer 1

First, we convert the percentage to a decimal.

25% - 0.25

Next, we times this by the cars current value.

0.25 x $27,300

= $6,825

Lastly, we add this to our original cost to determine the starting value of the car.

$27,300 + $6,825

= $34,125

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