1.  The value of a machine depreciates at the rate of 10% every year. It was purchased 3 years ago. If its present value is ₹ 8748, its purchase price was:
A. 10000
B. 12000
C. 14000
D. 16000

Answer: Option B

Explanation:

Purchase Price = ₹ [8748 / (1- 10/100)3]

= ₹ 1200