There is a 30% increase in the price of an article in the first year, a 20% decrease in the second year and a 10% increase in the next year. If the final price of the article is Rs. 2288, then what was the price of the article initially?

A. Rs. 1500
B. Rs. 1800
C. Rs. 2000
D. Rs. 2400
E. None of these

Explanation:

Let the price of the article, four years age be Rs. 100 in the 1st year, price of the article = 100 + 30 = Rs. 130. In the 2nd year, price = 130 – 20% of 130 = 130 – 26 = Rs. 104.

In the 3rd year, price = 104 + 10% of 104 = 104 + 10.4 = Rs. 114.40.
But present price of the article is Rs. 2288
for 114.4 —> 100 ; 2288 —> ?
Required price = (2288 * 100)/114.4 = 20 * 100 = Rs. 2000.

Correct Answer: Rs. 2000 ✔

Last Updated: February 07, 2020