The value of a machine is 8,000. It depreciates by 20% annually. What will be its value after 2 years? MCQ with Answer and Explanation

The value of a machine is 8,000. It depreciates by 20% annually. What will be its value after 2 years?
A. 5120
B. 6000
C. 6400
D. 5200
Answer: Option A
Solution (By JKSSB Mock Tests)
Value = 8000 * (0.80)^2 = 8000 * 0.64 = 5120.

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Practice More Percentage Questions

Question #1
The price of sugar is decreased by 20%. By what percent must a householder increase its consumption so that expenditure does not change?
A. 30%
B. 25%
C. 20%
D. 15%

Correct Answer: Option B


Explanation:
New price 0.8, consumption multiplier = 1/0.8 = 1.25, increase 25%.

This question belongs to: Maths Percentage
Question #2
A man spends 40% of his income on food, 30% of the remainder on rent, and saves the rest. If he saves Rs. 3780, find his income.
A. Rs. 9000
B. Rs. 8400
C. Rs. 9600
D. Rs. 8000

Correct Answer: Option A


Explanation:
Food 40%, left 60%. Rent 30% of 60% = 18% of income. Total spend = 58%, save 42% = 3780 → income = 3780/0.42 = 9000.

This question belongs to: Maths Percentage
Question #3
A man's income is 80% of his friend's income. The friend's expenditure is 60% of his income. If the man saves 30% of his income and the friend saves Rs. 4000, what is the man's income?
A. Rs. 15000
B. Rs. 8000
C. Rs. 12000
D. Rs. 10000

Correct Answer: Option B


Explanation:
Let friend's income = F. Friend saves 40% of F = 4000 → F = 10000. Man's income = 80% of F = 8000. Man saves 30% of 8000 = 2400. So answer Rs. 8000.

This question belongs to: Maths Percentage