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A TV was bought at a price of "Rs. 21,00...

A TV was bought at a price of `"Rs. 21,000"`. After one year the value of the TV was depreciated by `5%` (Depreciation means reduction of value due to use and age of the item). Find the value of the TV after one year.

Text Solution

Verified by Experts

Price in rupees at which TV was bought `= 21000`
Depreciation in TV price after one year ` = 5%`
So, the price of the TV after one year, `P = "Rs." 21000(1-5/100)`
`P = 21000xx19/20 = 1050xx19 = "Rs." 19950`
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