Question

The price of a car increased by $5\%$. If the new price is ₹$22,050$, then what was the old price?

• A. ₹ $20,000$
• B. ₹ $21,000$
• C. ₹ $23,152.50$
• D. ₹ $23,210.53$

Answer 1

The correct option is B

₹ $21,000$

Given, the increase in price $=5\%$ of the old price
New Price $=₹22050$
Hence,
Old price $+5\%$ of old price $=₹22050$
$\Rightarrow$ Old price $\times 1.05$ $=22050$
$\Rightarrow$ Old price $=22050\times \frac{1}{1.05}$
$=22050\times \frac{100}{105}$
$=₹21000$