Question

A tv set was purchased for rupees 27000. It cost depreciates every year by 5 percent. What will be its cost after 2 years.

Answer 1

C.P.  of TV = Rs 27000

1st year the cost will by ⇒ 5/100 × 27000

                                       ⇒ Rs. 1350    

Cost after 1 year ⇒ 27000 - 1350

                           ⇒ Rs. 25650

2nd year the cost will by ⇒ 5/100 × 25650

                                       ⇒ Rs. 1282.5

Cost after 2 year ⇒ 25650 - 1282.5

                            ⇒ Rs. 24367.5

ANSWER - Rs 24367.5

                           ⇒ Rs. 25650