After an increase of 20%, a price of an item becomes ₹600. What was the original price of the item?
Show answer & explanation
Correct answer: B
Explanation
Given:
Price after increase = ₹600
Increase = 20%
Formula:
Final price = Original price × (1 + increase/100)
600 = P × (1 + 20/100)
600 = P × 1.2
P = 600 / 1.2
P = ₹500