Question

Shivam Industries installed a flour mill for Rs. 300,000 five years ago. If the fixed annual rate of depreciation is 5% and they sold the mill for Rs. 250,000, their gain/loss % is?​

Answer 1

Answer:

mill worth originally =3ooooo

depreciation for I yr =300000x5/100

= Rs 15000

depn for 5yrs=Rs.75000

Value after 5yrs=300000-75000

= Rs225000

selling Price = Rs 250000

Sp>CP

gain=250000-225000 = Rs 25000

gain%=25000/250000x100

Step-by-step explanation:

= 10 % Ans