In 1955 and antique car that originally cost $3,668 is valued today at $62,125 if in excellent condition, which is 1 3/4 times as much as a car in very nice condition ---- if you can find an owner willing to part with one for any price. What would be the value of the car in very nice condition?
Hi Nadia
ReplyDeleteI know it's 9 years late *_^ . i hope you are fine and here the answer
From the question, we are told that 62125 is 1.75 times as much as a car in very nice condition. Therefore, the value of a car in very nice condition is:
value=62125/1.75=$35,500