Question
Download Solution PDFThe value of a laptop depreciates by 10% every year. The laptop is sold after 3 years at a discount of Rs. 270 on its price at that time. What is the total loss percent incurred after selling the laptop if it was purchased at Rs. 10,000?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Purchase Price = ₹10,000
Depreciation = 10% per year
Sold after 3 years at a discount of ₹270 on the depreciated value
Calculate depreciated value after 3 years:
Use compound depreciation:
Value after 3 years =
10000 × (0.9)^3 = 10000 × 0.729 = ₹7290
Apply discount of ₹270 on this value:
Selling Price = ₹7290 − ₹270 = ₹7020
Calculate Loss and Loss %:
Loss = ₹10000 − ₹7020 = ₹2980
Loss % = (2980 / 10000) × 100 = 29.8%
Thus, the correct answer is 29.8%.
Last updated on Jul 8, 2025
-> The IBPS PO Vacancy 2025 has been released for 5208 Probationary Officer Posts.
-> The Institute of Banking Personnel Selection (IBPS) has officially released the PO Notification 2025 on 30th June 2025.
-> As per the notice, the prelims examination is scheduled for 17th, 23rd, 24th August 2025. The Mains Exam is scheduled for 12th October 2025.
-> The IBPS PO online application dates is from 1st July 2025 to 21st July 2025.
-> The selection process for IBPS PO includes a Preliminary Exam, a Mains Exam, and an Interview.
-> The selected candidates will get a salary pay scale from Rs. 48480 to Rs. 85920.
-> Candidates must download and practice questions from the IBPS PO previous year's papers and IBPS PO mock tests for effective preparation/