Question

A new car loses 11% of its value the moment you drive it out of dealership parking lot as a new owner. Mr. Green paid $31000 for his new car. How much does his car cost when he gets to the road?

Answer 1

Since you need to subtract 11% by 31,000 your answer will be 27,590

Answer 2

Answer: $ 27,590

Step-by-step explanation:

The amount paid by Mr. Green for the car = $31,000

The percentage of loss = 11%=0.11

Now, 11% of the amount paid by Mr. Green is given by :-

$0.11\times\ 31,000=\ 3,410$

Now, the amount of car when he gets to the road is given by :-

$31,000-3,410=\ 27,590$

Hence, the car costs $ 27,590  when he gets to the road.