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The value of a motor cycle is Rs. 80000 ...

The value of a motor cycle is Rs. 80000 and its value depreciates by 20% every year, with respect to its value at the beginning of the year. What is the profit earned by selling the motor cycle at the end of the 2nd year at Rs. 53600 ?

A

Rs. 2200

B

Rs. 2400

C

Rs. 2300

D

Rs. 2100

Text Solution

Verified by Experts

The correct Answer is:
B
Value of the motor cycle at the end of first year
`=80000xx(80)/(100)xxRs. 64000`
Value of the motor cycle at the end of second year
`=64000xx(80)/(100)=51200`
Profit =53600-51200=Rs. 2400.
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