Question 1

The price of an article is cut by 31%, to restore to its original value, the new price must be increased by

Solution

Let the original price of the article = Rs. $$100$$

If the price is cut by 31%, => New price = $$\frac{100 - 31}{100} \times 100 = Rs. 69$$

To restore to its original value the new price must be increased by = $$\frac{100 - 69}{69} \times 100$$

= $$\frac{3100}{69} = 44.927 \approx 44.93\%$$

=> Ans - (B)

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