2
Q:
A) No gain - No loss | B) Loss 10% |
C) Gain 12.5% | D) Gain 10% |
Answer: D) Gain 10%
Explanation:
Explanation:
Given that mill worth originally =3ooooo
Depreciation for 1 yr =300000x5/100= Rs. 15000
Then, depreciation for 5yrs = Rs. 75000
Value after 5yrs = 300000 - 75000 = Rs. 225000
Given Selling Price of the mill = Rs. 250000
Sp > CP
Gain = 250000 - 225000 = Rs. 25000
Gain% = 25000/250000 x 100 = 10%.