The value of a machine depreciates at rate of 20% per annum. it was purchased 2 years ago. if its present value is rs 7500 , for how much was it purchased.
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11,718.75
Given
Present value =7,500
Depreciates= 20% rate
The present value of the machine is the 80% of the previous year, therefore the last year depreciated value was.... Rupees.
7500/80*100 =9,375 rupees (2nd year to previous year).
Rs 9,375 was also the depreciated value of the previous year, then the value was...
9,375/80*100 = 11,718.75 rupees
Orginal Answer
The PURCHASE PRICE WAS Rs.11,718.75 is the answer.
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