New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    The price of an article is increased by 20%. Further,

    there is a tax of 5% on the increment. If the article costs ₹ 1,331 to the customer, then what was the price of the article before the increase in price?
    A ₹ 1,000 Correct Answer Incorrect Answer
    B ₹ 1,064 Correct Answer Incorrect Answer
    C ₹ 1,100 Correct Answer Incorrect Answer
    D ₹ 1,200 Correct Answer Incorrect Answer

    Solution

    Percentage of tax = 20% × 5/100 = 1% So percentage of price increase by = 20% + 1% = 21% Let price of the article before be x,  According to the question x × 121/100 = 1331 ⇒ x = 1331 × 100/121 ⇒ x = 1100 ∴ Price of the article before was Rs. 1100.

    Practice Next

    Relevant for Exams: