Price markdown effect: An article costs ₹15000. Due to a market slump, its price decreases by 8%. What is the new price?
Aptitude
Percentage
Difficulty: Easy
Choose an option
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A₹14000
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B₹13800
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C₹16500
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D₹12600
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E₹13200
Answer
Correct Answer: ₹13800
Explanation
Introduction / Context:This question applies a single percentage decrease to a marked price to find the new price after a discount-like reduction.
Given Data / Assumptions:
- Original price = ₹15000.
- Decrease = 8%.
Concept / Approach:New price = Original * (1 − decrease%). Here that factor is 0.92.
Step-by-Step Solution:
New price = 15000 * 0.92.= 15000 − 8% of 15000.8% of 15000 = 0.08 * 15000 = 1200.New price = 15000 − 1200 = ₹13800.Verification / Alternative check:Calculate directly: 15000 * 0.92 = 13800 — consistent.
Why Other Options Are Wrong:
- ₹14000, ₹16500, ₹12600, ₹13200 are not equal to 92% of ₹15000.
Common Pitfalls:Subtracting 8 rupees or 8% of a different base. Always compute 8% of the original price.
Final Answer:₹13800