Romesh took over Investments at Rs.8,100 which is 10% less than its book value. The book value of the investment was ......
Answer & explanation
Correct answer: option 3
The correct answer is Option (3) → Rs.9,000
“10% less than book value” means Romesh paid 90% of the book value.
90% of book value = Rs. 8,100
Book value = 8,100 × 100/90 = Rs. 9,000
Adding 10% to Rs. 8,100 gives Rs. 8,910, the usual slip: the 10% is taken on the book value, not on the price paid.
NCERT (2026-27 edition):
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