The cost of a machine depreciates by 10 -21-300-24-450-24-300-

The correct option is D ₹24,300 Cost of machine = nbsp;₹30000 Rate of depreciation = 10% Cost of the machine at the end of first nbsp;year = nbsp;₹ 3000 ...

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Byju's Answer

Standard VI

Mathematics

Percentage Decrease

The cost of a...

Question

The cost of a machine depreciates by 10 % every year. Find the price after 2 years, if the initial cost of the machine was ₹30000.

₹21,300

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹24,450

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹25,300

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹24,300

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D
₹24,300

Cost of machine $= ₹ 30000$

Rate of depreciation $= 10 %$

Cost of the machine at the end of first year $= ₹ 30000 - \frac{10}{100} \times 30000$

$= ₹ 30000 - ₹ 3000 = ₹ 27000$

Cost of the machine at the end of second year $= ₹ 27000 - \frac{10}{100} \times 27000$

$= ₹ 27000 - ₹ 2700 = ₹ 24300$

Suggest Corrections

Similar questions

The cost price of a machine is $2, 50, 000$ . If the rate of depreciation is $10 %$ per year find the depreciation in price of the machine after two years.

During every financial year, the value of a machine depreciates by 12%. Find the original cost of a machine which depreciates by Rs. 2,640 during the second financial year of its purchase.

Q. The value of a machine depreciates every year by 10%. If the present value of the machine is Rs 54000, what was its value last year?

The cost of a machine depreciates by 10 % every year. Find the price after 2 years, if the initial cost of the machine was ₹30000.

The cost of a machine decreases by 10 % every year. Find the price after 2 years ,if the initial cost of the machine was ₹ 30000.

Join BYJU'S Learning Program

The cost of a machine depreciates by 10 % every year. Find the price after 2 years, if the initial cost of the machine was ₹30000.

The correct option is D ₹24,300 Cost of machine =₹30000 Rate of depreciation =10% Cost of the machine at the end of first year =₹30000−10100×30000 =₹30000−₹3000=₹27000 Cost of the machine at the end of second year =₹27000−10100×27000 =₹27000−₹2700=₹24300