Question

    A bike's price is initially raised by 20% and

    subsequently reduced by 30%. As a result, the final price of the bike is Rs. 5184 lower than its original price. What was the initial price of the bike?
    A Rs. 32000 Correct Answer Incorrect Answer
    B Rs. 33200 Correct Answer Incorrect Answer
    C Rs. 32400 Correct Answer Incorrect Answer
    D Rs. 32600 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Let the initial price of bike be Rs. ‘100x’ Final price of the bike = 100x × 1.2 × 0.70 = Rs. 84x According to question; 100x – 84x = 5184 Or, x = 324 Initial price of bike = Rs. 32400

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