Question 58

The price of an article is cut by 33%, to restore to its original value, the new price must he increased by

Solution

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

If the price is cut by 33%, => New price = $$\frac{100 - 33}{100} \times 100 = Rs. 67$$

To restore to its original value the new price must he increased by = $$\frac{100 - 67}{67} \times 100$$

= $$\frac{3300}{67} \approx 49.25 \%$$

=> Ans - (B)

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