The value of a machine depreciates at the rate of 10% every year. I was purchased 3 years ago. If its present
value is Rs. 8748, its purchase price was :
Purchase price = Rs. `[(8748)/((1 - 10/100)^3)]` = Rs. `(8748 xx 10/9 xx 10/9 xx 10/9)` = Rs. 12000
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