Statistics & Applications

Financial Math

Easy

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Every year the price of a motorcycle depreciates by Rs. 15000. After 12 years its price has become Rs. 50000. Then its original cost was:

Rs. 1,80,000

Rs. 2,15,000

Rs. 2,30,000

rs. 2,45,000

✅ Correct Option: 3

The motorcycle depreciates by Rs. 15,000 every year. After 12 years, its price is Rs. 50,000.

Total depreciation over 12 years:

Total depreciation $= 15,000 \times 12$

Total depreciation $= 1,80,000$

Original cost $=$ Current price $+$ Total depreciation

Original cost $= 50,000 + 1,80,000$

Original cost $= 2,30,000$

Therefore, the original cost was Rs. 2,30,000.

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