Answer :
20%.
20,000 times 0.8 is 16,000, so the decreased value that was lost was 20% of the original price.
20,000 times 0.8 is 16,000, so the decreased value that was lost was 20% of the original price.
Answer:
Option A. 20%
Step-by-step explanation:
Since the cost price of the car when it was new = $20000
After one year car value $16000.
We have to calculate the depreciation in the price or my car.
So decease in the car's value = 20000-16000 = $4000
Since cost price of the car was = $20000
therefore % decrease decrease in the price will be = (decrease in price/cost price)×100 = (4000/20000)×100 = 20%
