Question

Sudipta bought a car for  Rs. 100000. Its value depreciates by 10% per year, If he sells it after 3 years, find the selling price.
1. Rs. 81000
2. Rs. 72900
3. Rs. 70000
4. Rs. 63000

Answer 1

Correct Answer - Option 2 : Rs. 72900

Given:

Sudipta bought a car for Rs. 100000,

Its value depreciates by 10% per year

Formula used:

Percentage = (Part value/Whole value) × 100

Calculation:

The value of the car after 1^st year

⇒ 100000 × (90/100) = Rs. 90000

The value of the car after 2^nd year

⇒ 90000 × (90/100) = Rs. 81000

The value of the car after 3^rd year

⇒ 81000 × (90/100) = Rs. 72900

∴ The selling price is Rs. 72900.