Question

To, boost sales , s car company slashed the price of a particular model by one eighth from the existing price of Rs. 5.26 lakhs . The price was brought down by about . (A)Rs 4,400 (B)Rs 6,600 (C)Rs 44,000 (D) 66,000 . Answer it with best explation ​

Answer 1

Given cost of a model of car and decrease ratio of this car to boost its sale, find the amount by which its price is slashed

Explanation:

1. given that a car company slashed the price of one of its car model by one eighth of its existing price.
2. let the existing price of the car be denoted by 'P' and the ratio by which the existing price is reduced be denoted by 'r'. hence we have,                                              $P=5,26,000 \\r=\frac{1}{8}$
3. hence, let amount that is reduced from the existing price of the car be denoted by 'p'. then we have ,                                                                                       $p=rP\\\\p= \frac{5,26,000}{8} \\p=65,750$  
4. hence the nearest value from option matching out calculations is option (d) $Rs.\ 66,000$