Question

A piece of machinery was purchased by a factory. It depreciates at 10percent every year. At the end of second year its value is rs 1,29,600.What is the cost price​

Answer 1

160000

Explanation:

Let the cost price = x

At the end of the first price, it loses ten percent = 0.9x

At the end of the second year, it loses an extra ten = 0.9(0.9x)= 0.81x

0.81x=129600

x=160000