Question

The value of a car is deprecting at the rate of 12% Find the correct value of car when cost of car was rs 350000 last year

Answer 1

The cost of the car is $ RS 308,000.

Explanation:

Given that the value of a car is deprecting at the rate of 12%, to find the correct value of car when cost of car was $ RS350,000 last year, the following mathematical calculation must be performed:

100 - 12 = 88

88/100 = 0.88

350,000 x 0.88 = X

308,000 = X

Therefore, the cost of the car is $ RS 308,000.