The value of a machine depreciates at 20% per annum. Its present value is Rs. 51200. What was its value 2 years ago? MCQ with Answer and Explanation

Question

Share Report Error

The value of a machine depreciates at 20% per annum. Its present value is Rs. 51200. What was its value 2 years ago?

A. Rs. 80000

B. Rs. 72000

C. Rs. 85000

D. Rs. 75000

Answer: Option A

Solution (By JKExamLibrary)

Value 2 yrs ago = 51200 / (0.8×0.8) = 51200/0.64 = 80000.

This question belongs to: Maths Percentage

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Percentage Questions

Question #1

Share Report

A dishonest shopkeeper uses 800 g weight instead of 1 kg. His profit %:

A. 20%

B. 25%

C. 22.5%

D. 30%

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
Profit = (200/800)×100 = 25%.

This question belongs to: Maths Percentage

Question #2

Share Report

The present value of a machine is 7,290. If it depreciates by 10% yearly, what was its value 3 years ago?

A. 10000

B. 9000

C. 12000

D. 11000

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option A

Explanation:
V_past = 7290 / (0.90)^3 = 7290 / 0.729 = 10000.

This question belongs to: Maths Percentage

Question #3

Share Report

A shopkeeper gives 10% discount on marked price Rs. 500. Selling price is:

A. 400

B. 450

C. 425

D. 475

View Answer & Solution Discuss

Get Complete Subject PDF for Maths

Correct Answer: Option B

Explanation:
500 × 0.9 = 450.

This question belongs to: Maths Percentage

Explore All Percentage MCQs