A car costs Rs. 60,000 when it is new, after one year its value goes down to Rs. 40,000.By how much percent has its value decreased?
1. \(43 \frac{1}{3}\)
2. \(33 \frac{1}{3}\)
3. \(53 \frac{1}{3}\)
4. \(23 \frac{1}{3}\)
1. \(43 \frac{1}{3}\)
2. \(33 \frac{1}{3}\)
3. \(53 \frac{1}{3}\)
4. \(23 \frac{1}{3}\)
Correct Answer – Option 2 : \(33 \frac{1}{3}\)
Initial value = 60000
Final value = 40000
Diffrence = 60000 – 40000 = 20000
Required percentage change = 20000/60000 × 100 = 1/3 × 100 = 33(1/3)%