Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The depreciation of the price of a car over three successive years is 10%, 15% and 25% respectively. If the original cost of the car was ₹5,80,000, then what was its value after 3 years of purchase ?

Options:

₹3,15,000

₹3,32,775

₹3,50,000

₹3,58,250

Correct Answer:

₹3,32,775

Explanation:

Price of car after 3 year = 580000 × \(\frac{90}{100}\)× \(\frac{85}{100}\)× \(\frac{75}{100}\)

= 580000 × \(\frac{9}{10}\)× \(\frac{17}{20}\)× \(\frac{3}{4}\)

= 332775

The correct answer is option (2) : ₹3,32,775