15,500*0.25=x. x is unknown and 0.25 is the decimal form of 25%
15,500*0.25=3875. 3875 is 25% of 15,500
3875*3=3/4 of a new car which in turn makes this outcome 25% less then a new car which gives us the value of a used car.
$11,625 is the price of a used car.
