Question

The value of an article which was purchased 2 years ago depreciates at 12% per annum. If its present value is Rs 19, 360, the price at which it was purchased is​

Answer 1

Answer:

depriciation at 12% per annum × 2 yrs = 24%

100-24=76%

after depciation value is 19360

76%=19360

1=19360÷76=254.74

100%=254.74×100=25474

value of article at the time of purchase was 25474