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The value of a commodity depreciates 10% annually. If it was purchased 3 years ago and its present value is 5,832, what was its purchase price ?
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- 7200
- 7862
- 8000
- 8500
Correct Option: C
Using Rule 18,
Let the original price of the article be ₹ x.
According to the question,
| 5832 = x |  | 1 - |  | 3 | 100 |
| ⇒ 5832 = x × | | | 3 | 10 |
| = | = ₹ 8000 | 9 × 9 ×9 |
