GMAT Question of the Day

The Market Value

The market value of a certain machine decreased by 30 percent of its purchase price each year. If the machine was purchased in 1982 for its market value of $8,000, what was its market value two years later? (A) $8,000 (B) $5,600 (C) $3,200 (D) $2,400 (E) $800

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