Price markdown effect: An article costs ₹15000. Due to a market slump, its price decreases by 8%. What is the new price?

Difficulty: Easy

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

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