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9 January, 09:38

Since Marnie has bought her car, the value has gone down 15%. If her car is 13000 right now, how much was it worth when she bought it?

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  1. 9 January, 10:35
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    Percentage of depreciation of the car that Marie bought = 15%

    Present value of the car = 13000

    Let us assume that the value of the car at the time of buying = x

    So

    The percentage valuation of the car now = (100 - 15) percent

    = 85 percent

    Then

    (85/100) * x = 13000

    85x = 13000 * 100

    85x = 1300000

    x = 1300000/85

    = 15294.12

    So the actual cost of the car is 15294.12. I hope the procedure is clear enough for you to understand.
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