Romesh took over Investments at Rs.8,100 which is 10% less then 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
Let the book value be ₹x.
Romesh took over investments at 10% less than book value, i.e. at 90% of x.
0.9x = 8,100
x= 8100 / 0.9 = 9,000