The price reduction on the car price is $600
The new price of the car is $3,400
What is the initial price of the car?
The initial selling price of the car was $4,000, which is seen 100% of the price, which means that a 15% decrease implies that the price would go down by 15% from 100% to 85%.
Price reduction=15%*price of the car
Price reduction=15%*$4,000
Price reduction=$600
What is the new price of the car?
The new price of the car is the initial price of $4,000 minus the price reduction
new price of the car=$4,000-$600
new price of the car=$3,400
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