The price of an electric bile was Rs 1,25,000 last year. This year, its price decreased by 30%. What is the price (in Rs) of the electric bike year?
Show answer & explanation
Correct answer: B
Explanation
The correct answer is option 2 i.e. 87,500.
Given that
The price of an electric bike was Rs. 1,25,000 last year.
This year, its price decreased by 30%
According to the question;
The price of an electric bike this year = 125000 × (100 - 30)/100
= 1250 × 70 = Rs. 87500