By what percent the new price of the article must be increased to restore its former value, if the cost of the article is cut by 25% in the past?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 33%
Let the cost of the article initially = Rs 100
After a cutdown of 25%, the cost price became = Rs 75
To make its cost price Rs 100 again, we need to increase Rs 25 to Rs 75.
Thus, percentage increase required = {25/75} × 100 = 100/3 = 33.33%