The cost of a T.V. set was quoted Rs. 17000 at the beginning of 1999. In the beginning of 2000 the price was hiked by 5%. Because of decrease in demand the cost was reduced by 4% in the beginning of 2001. What was the cost of the T.V. set in 2001?

The cost of a T.V. set was quoted Rs. 17000 at the beginning of 1999. In the beginning of 2000 the price was hiked by 5%. Because of decrease in demand the cost was reduced by 4% in the beginning of 2001. What was the cost of the T.V. set in 2001?

Given,

Cost of T.V at beginning og 1999 = Rs.17000

Hiked in price in 2000 = 5%

Depreciation in 2001 = 4%

So,

Price of T.V in 2001 =

7