Question

In 2016, the price of a refrigerator increased by 5%, and in 2017, it decreased by 5%. At the end of the year 2017, its price was ₹47,880. What was its price at the beginning of the year 2016?

A ₹54,050
B ₹46,000
C ₹48,000
D ₹48,560
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