2
QuizMultiple Choice

Expenses — Quiz

Question 2 • Financial Math

Remy bought a vintage toy car at a collector's fair for $⁢320 A few months later, Remy discovered a small defect in the toy car, which reduced its value to $⁢262 What is the percent decrease in the value of the toy car?

Answer
A
22 point 1 4 percent
B
5 point 5 2 percent
C
58 percent
D
18 point 1 2 5 percent

Explanation

First find the decrease in value: $320 − $262 = $58. Divide the decrease by the original value and convert to a percent: ($58 ÷ $320) × 100 = 18.125%. The percent decrease is 18.125%, which is choice D.

AI-written and checked against the verified answer.

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