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QuizMultiple Choice

Expenses — Quiz

Question 1 • Financial Math

Nalani purchased a vintage record player for $⁢400 However, the needle was damaged, reducing its value to $⁢325 What is the percent decrease in the value of the record player?

Answer
A
0 point 1 8 7 5 percent
B
187 point 5 percent
C
18 point 7 5 percent
D
1 point 8 7 5 percent

Explanation

The value decreased by $400 − $325 = $75. To find the percent decrease, divide the decrease by the original value: $75 ÷ $400 = 0.1875, or 18.75%. The correct choice is 18.75 percent.

AI-written and checked against the verified answer.

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