Practicing Success
The price of a machine got depreciated by 50% in the 1st year, $33\frac{1}{3}$% in the 2nd year and 25% in the 3rd year. Overall, by how much has the machine depreciated? |
$66\frac{2}{3}$% 80% 75% 50% |
75% |
Let initial price = 100x Price after depreciation = \(\frac{50}{100}\) × 33\(\frac{1}{3}\) × \(\frac{25}{100}\) × 100x = \(\frac{1}{2}\) × \(\frac{2}{3}\) × \(\frac{3}{4}\) × 100x = 25x Required percentage = \(\frac{100x - 25x }{100x}\) × 100 = 75% |