52. The Car Of Michael Depreciated By P 40,000 In A Matter Of 6 Months. His Car Is, Now Worth P760,000. What Is The Percent Depreciation?, 1) 10%, 2)

52. The car of Michael depreciated by P 40,000 in a matter of 6 months. His car is

now worth P760,000. What is the percent depreciation?
1) 10%
2) 15%
3) 5%
4) 20%

 

Answer:

(3) 5%

Step-by-step explanation:

To solve for the percent depreciation:

% depreciation = (Original Value - Present Value)/Original Value × 100

If the car depreciated by 40,000 to present worth of 760,000 therefore:

Original Value = 760,000 + 40,000

Original Value = 800,000

Find the % depreciation:

% depreciation = (Original Value - Present Value)/Original Value × 100

% depreciation = (800,000  - 760,000)/800,000 × 100

% depreciation = (40,000/800,000) × 100

% depreciation = 0.05 × 100

% depreciation = 5%