The value of a machine in the year 2020 was 75000. Its present value is 60000, Find the decrease in percentage

To find the percentage decrease in the value of the machine, we can use the following formula:

\[
\text{Percentage Decrease} = \left( \frac{\text{Initial Value} - \text{Final Value}}{\text{Initial Value}} \right) \times 100
\]

Given:
- Initial Value in 2020 = 75000
- Final Value (Present Value) = 60000

First, calculate the decrease in value:

\[
\text{Decrease in Value} = 75000 - 60000 = 15000
\]

Next, calculate the percentage decrease:

\[
\text{Percentage Decrease} = \left( \frac{15000}{75000} \right) \times 100
\]

\[
\text{Percentage Decrease} = \left( \frac{1}{5} \right) \times 100 = 20\%
\]

So, the decrease in percentage is 20%.

Would you like further details or have any questions? Here are some additional questions you might be interested in:

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**Tip:** When solving percentage problems, always ensure you correctly identify the initial and final values to avoid calculation errors.

Learn how to calculate the percentage decrease in value with an example. This page explains the formula and provides a detailed solution for finding the decrease in percentage between an initial and final value. Ideal for students in Grades 5-7.

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