Question

4. A car manufacturer decides to lower prices by 2% from next
month. What would be the price next month for a car, now
priced at 250000 rupees?

Answer 1

Lowering of Price

Answer: price of car next month will be Rs 245000.

Explanation:

given that current month price = Rs 250000

And manufacturer decides to lower price by 2% from next month.

Need to determine next month price.

As there will be lowering of price by 2%

⇒ Next month Price = current month price - 2% of  current month price

⇒ Next month Price = 250000 - 2% of 250000

⇒ Next month Price = 250000 - (2/100) × 250000

⇒ Next month Price = 250000 - (2 × 2500)

⇒ Next month Price = 250000 - 5000

⇒ Next month Price = 245000

Hence price of car next month will be Rs 245000.

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