EPFO 2017 English Medium Solved Paper

Question : 107 of 121

Marks: +1, -0

The price of an article in increased by 20% further, there is a tax of 5% on the increment. If the article costs Rs.1331 to the customer, then what was the price of the article before the increase in price?

Rs. 1000
Rs. 1064
Rs. 1100
Rs. 1200

Validate

Solution:

Let the original price of the article

= x

According to the question,

x×{(100+20)}/100+x×20/100×5/100=1331

⇒

{120x}/100+x/100=1331

⇒{121x}/100=1331

⇒x={1331×100}/121

x=Rs.1100

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