LET the purchasing VALUE of the product 3 years ago = P.Depreciation rate = 20% EVERY year.Time = 3 years.EQUIVALENT depreciation rate for 3 years :Equivalent rate for 2 years = (20 + 20) - {(20 × 20) ÷ 100}= 40 - (400 ÷ 100)= 40 - 4 = 36%.Equivalent rate of 36% and 20% = (36 + 20) - {(36 × 20) ÷ 100}= 56 - (720 ÷ 100)= 56 - 7.2 = 48.8%.Thus, the product value has been depriciated by 48.8% in 3 years.Remaining value = 100 - 48.8 = 51.2%.Given that-Present value = Rs. 10,000.51.2% of P = 10,000.(51.2 ÷ 100) × P = 10,0000.512 × P = 10,000P = 10,000 ÷ 0.512P = 19531.25 ~ 19531Thus, the value of the product 3 years ago was Rs. 19531.Hence, the correct answer is "19531". "> LET the purchasing VALUE of the product 3 years ago = P.Depreciation rate = 20% EVERY year.Time = 3 years.EQUIVALENT depreciation rate for 3 years :Equivalent rate for 2 years = (20 + 20) - {(20 × 20) ÷ 100}= 40 - (400 ÷ 100)= 40 - 4 = 36%.Equivalent rate of 36% and 20% = (36 + 20) - {(36 × 20) ÷ 100}= 56 - (720 ÷ 100)= 56 - 7.2 = 48.8%.Thus, the product value has been depriciated by 48.8% in 3 years.Remaining value = 100 - 48.8 = 51.2%.Given that-Present value = Rs. 10,000.51.2% of P = 10,000.(51.2 ÷ 100) × P = 10,0000.512 × P = 10,000P = 10,000 ÷ 0.512P = 19531.25 ~ 19531Thus, the value of the product 3 years ago was Rs. 19531.Hence, the correct answer is "19531". ">
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The value of a certain product depreciates at the rate of 20% every year. It was purchased 3 years ago. If its present value is Rs. 10,000, then what was the approximate purchase price of the product?

General Knowledge General Awareness in General Knowledge . 5 months ago

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LET the purchasing VALUE of the product 3 years ago = P.Depreciation rate = 20% EVERY year.Time = 3 years.EQUIVALENT depreciation rate for 3 years :Equivalent rate for 2 years = (20 + 20) - {(20 × 20) ÷ 100}= 40 - (400 ÷ 100)= 40 - 4 = 36%.Equivalent rate of 36% and 20% = (36 + 20) - {(36 × 20) ÷ 100}= 56 - (720 ÷ 100)= 56 - 7.2 = 48.8%.Thus, the product value has been depriciated by 48.8% in 3 years.Remaining value = 100 - 48.8 = 51.2%.Given that-Present value = Rs. 10,000.51.2% of P = 10,000.(51.2 ÷ 100) × P = 10,0000.512 × P = 10,000P = 10,000 ÷ 0.512P = 19531.25 ~ 19531Thus, the value of the product 3 years ago was Rs. 19531.Hence, the correct answer is "19531".
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Posted on 26 Nov 2024, this text provides information on General Knowledge related to General Awareness in General Knowledge. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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