The value of a scooter depreciates by 10% every year if the present value 20,000 what was its value two years ago
Answers
Answer:
. The value of a scooter depreciates by 15% every year. If its present value is Rs. 31025, what was its value 1 year ago?
2. The price of an article has been reduced by 10%. By how much per cent must the new price be increased to retain the orignal price?
Easy.
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Step-by-step explanation:
1) Let the value of the scooter before 1 year be Rs.x
Then according to question =x−
100
15
×x=31025
=85x=3102500
=x=Rs.36500
So, the value of the scooter before 1 year =Rs.36500
2) Let the initial price be Rs.100
Then as price is reduced by 10%
Therefore new price =100−10% of100
=Rs.90
Now the difference in prices =Rs.10
Therefore,Percentage increase =
90
10
×100
=11.11% (approx)