The price of a bike increases by 20% in the first year and then decreases by 10% in the second year. If its final price becomes ₹59,400, find the original price of the bike.
Show answer & explanation
Correct answer: B
Explanation
Increase in the first year = 20%
Decrease in the second year = 10%
Final price = 59,400
According to the formula:
Original price = ₹55,000