The price of certain article is ₹ 15000. But due to slump in the market, its price decreased by 8%. Find the new price of the article.

₹ 14000
₹ 13800
₹ 16500
₹ 12600

Correct Answer: ₹ 13800

Explanation:

Given that, P = ₹ 15000, and Q = 8
According to the formula,
Required new price = [(100 - Q)/100] x P
= [(100 - 8)/100] x 15000
= (92/100) x 15000
= ₹ 13800

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