Multiple Choice Questions on The value of a machine depreciates at the rate of 10 every year It was purchased 3 years ago I........... for Mathematics - All Exams Preparation

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Multiple Choice Questions

The value of a machine depreciates at the rate of 10 every year It was purchased 3 years ago I...........

Quantitative Aptitude ( CCS) Percentage
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     The value of a machine depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 8748, its purchase price was :

    10000

    Incorrect Answer

    12000

    Correct Answer

    14000

    Incorrect Answer

    16000

    Incorrect Answer
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    Explanation:

    Let the price of the Machine 3 years ago was 'x' (Or the Purchase Price)

    Price at present = x * 90% * 90% * 90% = 8748

    x = 12,000 Rs.

    By: Deepak Dawra
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