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?
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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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