Math Help? I can't figure it out..
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Math Help? I can't figure it out..

[From: ] [author: ] [Date: 12-04-10] [Hit: ]
He bought it new for _______. What was the rate of depreciation?My answers to choose from are percent values, how do I get the percent of depreciation?-You divide the difference between purchase and selling price, and then divide by the purchase price.......
I have been trying forever to answer this question, and I think it is pretty simple...I just can't remember. I learned it at the beginning of the year.

I don't want the answer, so I just need the formula for this type of question.

Question: Hugo sold his car after one year for _______. He bought it new for _______. What was the rate of depreciation?

My answers to choose from are percent values, how do I get the percent of depreciation?

-
You divide the difference between purchase and selling price, and then divide by the purchase price.
Then you multiply by 100 to change it to percent
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