The market value of a certain machine decreased by 30 percent of its purchase price each year. If the machine was purchased in 1982 for its market value of $8,000, what was its market value two years later?
(A) $8,000
(B) $5,600
(C) $3,200
(D) $2,400
(E) $800
ans is c
did u get the exact answer
i got the 30% off of 5600 is 3920
thats not in the list
i hope its not torso
@arpit u have 2 subtract 30% of cost price every time so subtract 2400 frm 5600
k
i thought they were asking to reduce 30% on every new price.
it is decreased by 30% of tis purchased price so decrease by 30% that is 2400 every year so it is
c) 3200
what is the purchase price.. and can u show me the work out??
i think its B) 5600 since we have to find out MArket value after 2 years.. and market value is given for 1982.
c
its C..
30 % decrease is 2400
and the price is asked for after 2 years…
so 8000- 2(2400)=8000 – 4800 = 3200.
c
c
definitely C