Question

Mrs khanna has jewellery worth Rs 550000 if the value of gold appreciated by 10% in a year find the original price of the jewellery ( assuming she bought the gold a year back) ?

Answer 1

let cost of gold 1 year ago be x
x+10%ofx = 550000
x = 500000 rs

Answer 2

appreciated means increase in value
So 10/ of 550000 is 55000
then it is 550000+55000=60500