Question

The price of an article is cut by 3%. To restore to its original value, the new price must be increased by
(a) 3 %
(b) 7.11 %
(c) 3.09 %
(d) 2.69 %

Answer 1

Ans: (c) i.e 3.09%.

Because 3% cut is from actual prize.

Now after reduction with this current prize 3% is obviously less due to this 3% corresponds to current prize. Hence for actual prize, it should be more than 3% and it should be closer to this.

thank you