Question

Question # 21 The value of a laptop depreciates completely in 8 years at a uniform rate. The laptop was sold at Rs.33,000 after 2 years his purchase. If the return on this investment post selling the laptop is 10% then what was the cost price of the laptop?
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Answer 1

Answer:

final price = initial price (1+rate/100)time

here the final price = Rs. 33000

time=2yrs

rate = 10%

let the initial price = Rs. x

x×(1+10/100)2=33000

x×111=330

x=330×111

x=36,630

The cost price of the laptop is 36,630.

Answer 2

Answer:

Cost price of the laptop is ₹36,300

Step-by-step explanation:

Depreciation is the process of accounting the wear and tear of the asset value

In the given statement ,

a laptop which is depreciates for 8 years

But ,

The laptop was sold after 2 years at ₹33,000

Sale value = Intial price - ( depreciation for 2 years)

Cost price = Intial price ×( 1+rate )

= 33,000× (1+10%)

= 33,000×110/100

= 36,300

Let take the return on investment as a depreciation rate