Q50
The price of a car depreciates in the first year by 25% in the second year by 20% in third year by 15% and so on. The final price of the car after 3 years, if the present cost of the car is Rs. 10,00,000 :
A.
7,80,000
B.
1,70,000
C.
6,90,000
D.
5,10,000
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Price after third depreciation, 100 ==25%↓ ==> 75 == 20%↓==>60 == 15% ↓ ==> 51
The price will be,
= Rs. 5,10,000
Alternatively :
1000000 × 0.75 × 0.80 × 0.85
= Rs. 5,10,000