Question

The price of a car has been reduced from $19,500 to $12,480. What is the percentage decrease of the price of the car?
A.
36%
B.
3.6%
C.
70.2%
D.
64%

Answer 1

To calculate the percentage decrease in the price of the car, you can use the following formula:

\[
\text{Percentage Decrease} = \left( \frac{\text{Original Price} - \text{New Price}}{\text{Original Price}} \right) \times 100
\]

Substituting the values:

- Original Price = $19,500
- New Price = $12,480

First, find the decrease in price:

\[
\text{Decrease} = 19,500 - 12,480 = 7,020
\]

Now, substitute this value into the percentage decrease formula:

\[
\text{Percentage Decrease} = \left( \frac{7,020}{19,500} \right) \times 100
\]

Calculating the fraction:

\[
\frac{7,020}{19,500} \approx 0.360
\]

Now, multiply by 100 to get the percentage:

\[
0.360 \times 100 \approx 36\%
\]

Therefore, the percentage decrease of the price of the car is **A. 36%**.