Advertisements such as these regularly appear in the classified pages
of newspapers. Find the percent of depreciation to the nearest tenth
in each advertisement
For sale: Mars 4 dr, auto, air, ABS, the
works. 1 year old—12,400 mi. Purchase
price—$16,000. Your price—$12,800
firm

Question

Advertisements such as these regularly appear in the classified pages
of newspapers. Find the percent of depreciation to the nearest tenth
in each advertisement
For sale: Mars 4 dr, auto, air, ABS, the
works. 1 year old—12,400 mi. Purchase
price—$16,000. Your price—$12,800
firm

anonymous · Answer

$\ \huge \frac{3200}{100} = 32$%. The percent depreciation is 32. Find the difference in price, and set it over 100 to find the percent depreciation.