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 the correct choice from the following.
A) Rs.12008
B) Rs.12000
C) Rs.12002
D) Rs.1229
E) Rs.12021
Explanation:   = Rs.12000   Answer: Rs.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