A question

Discussion in 'REME' started by devilish, Feb 10, 2010.

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  1. I'm being a bit of a biff @ the moment and need a bit of help.

    Paul bought a car last year.

    It has lost 12.5% of it's value sincr then.

    It is now valued at £10, 500

    How much did Paul pay for the car originally?

    Apparently the answer isn't £11812.50.

    I'm stuck. (or maybe I should clarify, my daughter is stuck).
  2. Sixty

    Sixty LE Moderator Book Reviewer
    1. ARRSE Cyclists and Triathletes

  3. £12000

  4. Answer is 12000 when bought
    10500 = 87.5% of the value when new

    hope that helps
  5. Auld-Yin

    Auld-Yin LE Reviewer Book Reviewer Reviews Editor

    Well done Spaz, properly presented.

    Sixty - fail for you boy. Always show your workings otherwise I may think you have been a bit less than honest.
  6. Thank you, thank you, thank you!

    The ironic thing is that that was one of the easier questions!

    Thanks again peeps.
  7. Answer is cost new £12000, multiply this by 12.5% = 1500 so 1500+10500 = 12000
  8. I know, I know. Just being a bit of a biff after a bottle of Piat Dor Chardonnay.