A second hand car is purchased for 2,00,000 and sold at 1... — Answer & Explanation | PrepBeePakistan

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MEDIUMENGLISHManagement Sciences

A second hand car is purchased for 2,00,000 and sold at 1,40,000 after two years. If depreciation is charged @ 10% on SLM method, find the profit or loss on sale of the car?

Correct answer: A

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