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Do now percent change

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Cinnaminson Public Schools

Fred paid $7,800 for a 1994 Geo Metro. According to the blue book, which lists used car values, a similar Metro is now worth $6,225. The percent decrease in value is calculated as (Original Value - Current Value) / Original Value = ($7,800 - $6,225) / $7,800 = 20%.

Most cars depreciate, or lose value, each year. Fred
paid $7,800 for her 1994 Geo Metro. The “blue book”
that tells the value of used cars lists the value of the
Metro like Fred’s as $6,225. What was the percent of
decrease of the value of the car?

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Do now percent change

1. Most cars depreciate, or lose value, each year. Fred paid $7,800 for her 1994 Geo Metro. The “blue book” that tells the value of used cars lists the value of the Metro like Fred’s as $6,225. What was the percent of decrease of the value of the car?