There is a 30% increase in the price of an article in the first year, a 20% decrease in the second year and a 10% increase in the next year. If the final price of the article is Rs. 2288, then what was the price of the article initially?

A. Rs. 1500
B. Rs. 1800
C. Rs. 2000
D. Rs. 2400
E. None of these

Explanation:

Let the price of the article, four years age be Rs. 100 in the 1st year, price of the article = 100 + 30 = Rs. 130. In the 2nd year, price = 130 – 20% of 130 = 130 – 26 = Rs. 104.

In the 3rd year, price = 104 + 10% of 104 = 104 + 10.4 = Rs. 114.40.
But present price of the article is Rs. 2288
for 114.4 —> 100 ; 2288 —> ?
Required price = (2288 * 100)/114.4 = 20 * 100 = Rs. 2000.

Related Mcqs:

After allowing a discount of 15% on the marked price, the selling price is Rs. 6800 for an article. If it was sold at marked price, there would have been a profit of 60%. The cost price of the article is?
A. Rs. 6400
B. Rs. 5600
C. Rs. 5000
D. Rs. 4800
E. None of these
The ratio between the sale price and the cost price of an article is 7:5. What is the ratio between the profit and the cost price of that article?
A. 2:7
B. 5:2
C. 7:2
D. Data inadequate
E. None of these
The percentage profit earned by selling an article for Rs. 1920 is equal to the percentage loss incurred by selling the same article for Rs. 1280. At what price should the article be sold to make 25% profit?
A. Rs. 2000
B. Rs. 2200
C. Rs. 2400
D. None of these
Mahad sold an article for Rs. 18000. Had he offered a discount of 10% on the selling price, he would have earned a profit of 8%. What is the cost price of the article?
A. Rs. 15000
B. Rs. 16200
C. Rs. 14700
D. Rs. 15900
E. None of these
The sale price of an article including the sales tax is Rs. 616. The rate of sales tax is 10%. If the shopkeeper has made a profit of 12%, then the cost price of the article is:
A. Rs. 500
B. Rs. 515
C. Rs. 550
D. Rs. 600
In one year, the population, of a village increased by 10% and in the next year, it decreased by 10%. If at the end of 2nd year, the population was 7920, what was it in the beginning?
A. 8500
B. 8000
C. 8100
D. 8400
The price of an article has been reduced by 25%. In order to restore the original price the new price must be increased by________?
A. 33 1/3 %
B. 9 1/11 %
C. 11 1/9 %
D. 66 2/3 %
E. None
The price of an article has been reduced by 25 %. In order to restore the original price, the new price must be increased by:________?
A. 33 1/3 %
B. 11 1/9 %
C. 9 1/11 %
D. 66 2/3 %
At what price must an article costing Rs.47.50 be marked in order that after deducting 5% from the list price. It may be sold at a profit of 25% on the cost price?
A. Rs.62.50
B. Rs.72.50
C. Rs.75.00
D. Rs.80.00
A shopkeeper earns a profit of 10% after allowing a discount of 20% on the marked price. The cost price of the article whose marked price is Rs. 880, is =_______ ?
A. Rs. 704
B. Rs. 640
C. Rs. 774
D. Rs. 680