Problema Solution
A car generally depreciates 25% of its original value in the first year. A car is worth 27,300 after the first year. What was its original cost?
Answer provided by our tutors
Let x = the original cost of car
Here's the equation
(1 - .25)x = 27,300
75x = 27,300
x = 27,300/.75
x = 36,400
The original cost of car was $36,400.