Ramesh purchased a tractor for 500000 and sold on 14% loss after using 2 years . Calculate the selling price and amount of loss if rate of depreciation is 8%p.a.
Answers
Answered by
0
Given : Ramesh purchased a tractor for 500000 and sold on 14% loss after using 2 years .
rate of depreciation is 8%p.a.
To Find : the selling price and amount of loss
Solution:
Ramesh purchased a tractor for 500000
Used for 2 Years
rate of depreciation is 8%p.a.
Price after 2 years =500000 ( 1 - 8/100)²
= 423200
sold on 14% loss
Amount of loss = (14/100)423200 = 59248
selling price = 423200 - 59248
= 363952
selling price = 363952 and amount of loss = 59248
Learn More:
A machine costs ₹5,00,000. If the value depreciates 15% in the first ...
brainly.in/question/11766332
From the following detail ,find out the machine hour rate. standing ...
brainly.in/question/17547223
Similar questions