The value of a machine depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 8748, its purchase price was:	Choose one: A) 10000 B) 12000 C) 14000 D) 16000 E) 18000
Explanation:   Purchase Price =Rs[8748 / (1- 10/100)3]=Rs.8748 x 10/9 x10/9 x10/9 = Rs.12000   ANSWER IS 12000
<result>B</result>
The value of a machine depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is Rs. 8748, its purchase price was: