Mehul collected ₹9000 by selling school fair tickets. if the cost of each ticket was ₹56 1/4. find the number of tickets sold by mehul
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Answer:
True
Cost Price=9000 , R=5%
Depreciation=
100
R
×CP
After 1 year
Depriciation=
100
5
×9000
=450
After 2 years
Depreciation=
100
5
×8550
=427.5
Total Depreciation =450+427.5=877.5
Hence the statement is True.
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