Question

An item was $800 new. Its value has depreciated 70% since then, so that it is worth 30% of its original value. Give its current value.

Answer 1

Solution:

Given the original price of the item is $800.

The depreciation 70% made the worth of the item to be 30% of its original price.

Thus, the current value is;

$0.3\times800=240$

ANSWER: $240