Question 96

The price of an article is cut by 24%, 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 24%, => New price = $$\frac{100 - 24}{100} \times 100 = Rs. 76$$

To restore to its original value the new price must he increased by = $$\frac{100 - 76}{76} \times 100$$

= $$\frac{2400}{76} \approx 31.58 \%$$

=> Ans - (D)

Share on Whatsapp Share on Whatsapp

Create a FREE account and get: