If the original price of a watch is Rs. 500 and it is increased by 10%, then decreased by 15%, what is the final price?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. Rs. 467.50.
Increase the price by 10%:
Original price = Rs. 500
Increase = 10% of 500 =
New price after the increase = Rs. 500 + Rs. 50 = Rs. 550
Decrease the price by 15%.
New price = Rs. 550
Decrease = 15% of 550 =
Final price after the decrease = Rs. 550 - Rs. 82.5 = Rs. 467.5