Question

The price of a shirt is lowered by $6\%$ to Rs. $500$ What was its original price? By how much was the price reduced?

Answer 1

$letoriginalprice=xthen6\%ofx=\left(\frac{6}{100}\right)\times xnowx-\left(\frac{6x}{100}\right)=500or\left(\frac{94x}{100}\right)=500\therefore x=\left(\frac{500\times 100}{94}\right)=532RsThepricewasloweredby532Rs\left(approx\right)$