The price of a bike is increased by 20% and its new price is ₹ 48000.. Find the original price.

₹40000

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₹45000

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₹44000

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₹42000

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Solution

The correct option is A
₹40000

Let the original price be ₹ $x$

Percentage increase = 20%

Increased price = $x + \frac{20 x}{100}$

= $\frac{6 x}{5}$

Given that new price = ₹48,000

Therefore original price = $\frac{6 x}{5} = 48000$

$x = \frac{48000 \times 5}{6}$

= ₹ $40000$

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