The resale value of a textbook decreases by 25% with each previous owner. A new textbook is sold for $85. Which function represents the resale value of the textbook after x owners?

f(x) = 85(1 – 0.25)x
f(x) = 85(1 + 0.25)x
f(x) = 85(0.25)x
f(x) = (85 – 0.25)x