Question

During every financial year, the value of a machine depreciates by 12%. Find the original cost of a machine which depreciates by 2,640 during the second financial year of its purchase
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Answer 1

Answer:

Step-by-step explanation:

The value of the machine depreciate by every year = 12%

It deprecate by during the 2nd year = Rs 2640

The original cost of the machine = Rs 2640 × 12 / 100

= Rs 316.80

= Rs 316.80 + Rs 2640.00

= Rs 2956.80 is the answer.