Q. 24.1( 55 Votes )
A TV was bought at a price of Rs. 21000. After 1 year the value of the TV was depreciated by 5% (Depreciation means reduction of the value due to use and age of the item). Find the value of the TV after 1 year.
Answer :
Cost price of TV = Rs. 21000
Depreciation = 5%
Depreciation after 1 year = 5% of 21000
∴ Depreciation after 1 year = Rs. 1050
Value of TV after 1 year = cost price – depreciation
= 21000 – 1050
= Rs. 19950
∴The value of TV after 1 year is Rs. 19,950
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