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Solution: What will be the product selling price four years hence?

A product has a current selling of P325.00. If it’s selling price is expected to decline at the rate of 10% per annum because of obsolescence, what will be its selling price four years hence?

What will be its selling price four years hence?

Problem Statement: ME Board October 1996

A product has a current selling of P325.00. If it’s selling price is expected to decline at the rate of 10% per annum because of obsolescence, what will be its selling price four years hence?

Problem Answer:

The selling price four years hence will be equal to P 213.33.

Solution:

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