The price of a certain item is increased

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Profit and Loss

Question:

The price of a certain item is increased by 4%. If the price of the item after the increase is ₹832, then what was the original price of the item?

Options:

₹940

₹900

₹812

₹800

Correct Answer:

₹800

Explanation:

Let the price of the article = 100

Increment = 4%

Then the price after increment = 104%

104% of initial price = 832

100% of initial price = 800