The initial price of an article is Rs.4000 which increases 40% increse in its price in the first ...
The initial price of an article is Rs.4000 which increases 40% increse in its price in the first year,a 20% decrease in the second year and a 20% increase in the next year. What is the final price of the article ?
Answer/Solution
Rs.R4928
Steps/Work
The initial price of the article is Rs.4000. In the 1st year, price of the article = 4000 + 1600 = Rs. 5600. In the 2nd year, price = 5600 - 20% of 5600 = 5600 - 1120 = Rs. 4480.
In the 3rd year, price = 4480 + 10% of 4480 = 4480 + 448 = Rs. 4928
Required price = = Rs.4928.
Answer:D
In the 3rd year, price = 4480 + 10% of 4480 = 4480 + 448 = Rs. 4928
Required price = = Rs.4928.
Answer:D