Answer:
The cost of the car is $ RS 308,000.
Step-by-step explanation:
Given that the value of a car is deprecting at the rate of 12%, to find the correct value of car when cost of car was $ RS350,000 last year, the following mathematical calculation must be performed:
100 - 12 = 88
88/100 = 0.88
350,000 x 0.88 = X
308,000 = X
Therefore, the cost of the car is $ RS 308,000.
