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The price of a scooter was Rs 34,000 last year. It has decreased by 5% this year. What is the price now?
- a)Rs 35000
- b)Rs 32300
- c)Rs 35700
- d)None of these
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The price of a scooter was Rs 34,000 last year. It has decreased by 5%...
Most Upvoted Answer
The price of a scooter was Rs 34,000 last year. It has decreased by 5%...
B is the correct option because
5 per cent of 34000= 5/100×34000
=1700
because it decreased by 5 percent =34000- 1700
= 32300
5 per cent of 34000= 5/100×34000
=1700
because it decreased by 5 percent =34000- 1700
= 32300
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The price of a scooter was Rs 34,000 last year. It has decreased by 5%...
Given:
- Price of the scooter last year = Rs 34,000
- Decrease in price this year = 5%
To find:
- Price of the scooter this year
Solution:
To determine the price of the scooter this year, we need to calculate the decrease in price and subtract it from the price of the scooter last year.
Step 1: Calculate the decrease in price
The decrease in price is given as 5% of the price last year. To find the decrease, we can use the formula:
Decrease = (Percentage decrease/100) * Original price
Substituting the given values, we have:
Decrease = (5/100) * 34,000
Decrease = 1,700
Step 2: Calculate the price this year
To find the price this year, we need to subtract the decrease in price from the original price. Using the formula:
Price this year = Original price - Decrease
Substituting the values, we have:
Price this year = 34,000 - 1,700
Price this year = 32,300
Therefore, the price of the scooter this year is Rs 32,300. Hence, the correct answer is option 'B'.
- Price of the scooter last year = Rs 34,000
- Decrease in price this year = 5%
To find:
- Price of the scooter this year
Solution:
To determine the price of the scooter this year, we need to calculate the decrease in price and subtract it from the price of the scooter last year.
Step 1: Calculate the decrease in price
The decrease in price is given as 5% of the price last year. To find the decrease, we can use the formula:
Decrease = (Percentage decrease/100) * Original price
Substituting the given values, we have:
Decrease = (5/100) * 34,000
Decrease = 1,700
Step 2: Calculate the price this year
To find the price this year, we need to subtract the decrease in price from the original price. Using the formula:
Price this year = Original price - Decrease
Substituting the values, we have:
Price this year = 34,000 - 1,700
Price this year = 32,300
Therefore, the price of the scooter this year is Rs 32,300. Hence, the correct answer is option 'B'.
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