Romesh took over Investments at Rs. 8,100 which is 10\% less than its book value. The book value of the investment was: - Accountancy MCQ CUET Accountancy 2025 27 May Shift 2 2026 | ExamTest.live

easyMCQCUET Accountancy 2025 27 May Shift 22026Accountancy

1 mark

Romesh took over Investments at Rs. 8, 100 which is 10% less than its book value. The book value of the investment was:

Solution & Step-by-step Explanation

Let the book value of investments be x .The take-over value is 10% less than the book value, which means it is equal to 90% of the book value. x \times (100% - 10%) = 8, 100 x \times 0.90 = 8, 100 x = \frac{8 , 100}{0.90} = Rs. 9, 000

Try it yourself before checking the explanation above.

Romesh took over Investments at Rs. 8, 100 which is 10% less than its book value. The book value of the investment was:

Rs. 8,910

Rs. 9,200

Rs. 9,000

Rs. 8,940

Practice with timed mock tests and track your performance across Accountancy.