Question

The cost of living increased by 18% and is worth Rs 1,18,00,000
Find the original price of the building.

Answer 1

The original price of the building was 1,00,00,000 Rs.

Step-by-step explanation:

The cost of living increased by 18%.

Now the price of a building is = 1,18,00,000 Rs.

Let the original price of the building = x

x+(18% of x) = 1,18,00,000

x + 0.18x = 1,18,00,000

1.18x = 1,18,00,000

x = $\frac{1,18,00,000}{1.18}$

x = 1,00,00,000

The original price of the building was 1,00,00,000 Rs.

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