Question 84

The price of an article is cut by 7%, to restore it 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 7%, => New price = $$\frac{100 - 7}{100} \times 100 = Rs. 93$$

To restore to its original value the new price must be increased by = $$\frac{100 - 93}{93} \times 100$$

= $$\frac{700}{93} = 7.526 \approx 7.53 \%$$

=> Ans - (C)

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