The cost of a washing machine is Rs 25,000. The cost was first increased by 20% and later on, it was reduced by 20%. The present cost of the washing machine is:
Show answer & explanation
Correct answer: A
Explanation
The correct answer is option 1 i.e. Rs. 24,000.
Given:
The cost of the washing machine is Rs 25000
This cost is first increased by 20% and then decreased by 20%
According to the question;
The present cost of the washing machine = 25000 × (120/100) × (80/100)
⇒ 960 × 25 = 24000
Hence, the present cost = Rs 24000