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Miss Nadia purchased a car for Rs. 500,000. Based on historical averages, this car is worth 30% of the purchase price now and it is being sold at this price. What is the car s market value ? Rs. 51,875 Rs. 112,500 Rs. 150,000 Rs. 350,000
Question
Asked 8/22/2010 5:11:03 AM
Updated 2/18/2014 10:24:06 PM
1 Answer/Comment
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Flagged by samn [2/18/2014 10:24:06 PM]
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User: Miss Nadia purchased a car for Rs. 500,000. Based on historical averages, this car is worth 30% of the purchase price now and it is being sold at this price. What is the car s market value ? Rs. 51,875 Rs. 112,500 Rs. 150,000 Rs. 350,000

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Question
Asked 8/22/2010 5:11:03 AM
Updated 2/18/2014 10:24:06 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by samn [2/18/2014 10:24:06 PM]
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Let x= value of the car now
Purchase priced of the car = 500,000

Solution:
x=30% (500,000)
x=150,000

The car's market calue is Rs. 150,000.
Added 2/18/2014 10:24:04 PM
This answer has been confirmed as correct and helpful.
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