Question

3%, 6. The price of an item increased by 5% in nd its 1st year and decreased by 3% in 2nd year. If its price before two years was 1,64,000, find its present price.​

Answer 1

Answer:

Price increased by 10% and then decreased by 10%

let the price of an item be Rs.100

10%=

100

10

=

10

1

So 10% of 100=

100

10

×100=10

New price after increase=100+10=110

Now 10% of 110 is =

100

10

×110=11

So new price after decrease is Rs.110−11=Rs. 99

Rs.1 loss on Rs.100 means 1%