Question

If Tarik bought a bike for 40,000 and after 2 years he sold it for 32,400, then rate of
depreciation is?
​

Answer 1

Answer:

19%

Step-by-step explanation:

Depreciation = purchase price - sale price

                    = 40,000 - 32,400 = 7600

Rate of depreciation( in percent) = depreciation x 100 / purchase price

                                                       = 7600 x 100 / 40,000

                                                       = 760000 / 40000

                                                        = 76/ 4  = 19

Rate of depreciation = 19 %