3
QuizMultiple Choice

Expenses — Quiz

Question 3 • Financial Math

Alani acquired a rare painting for $⁢2,500 Unfortunately, a water stain appeared on the painting, reducing its value to $⁢2,125 What is the percent decrease in the value of the painting?

Answer
A
15 percent
B
14 percent
C
16 percent
D
12 percent

Explanation

The painting’s value decreased by $2,500 − $2,125 = $375. Divide the decrease by the original value: $375 ÷ $2,500 = 0.15, or 15 percent. The correct choice is 15 percent.

AI-written and checked against the verified answer.

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