Question : The price of a certain item is increased by 4%. If the price of the item after the increase is INR 832, then what was the original price of the item?
Option 1: INR 800
Option 2: INR 812
Option 3: INR 900
Option 4: INR 940
Correct Answer: INR 800
Solution :
Let the original price of the article be 100
After increment of 4% = 104
After the increment, the price = INR 832
⇒ 104
⇒
⇒ Original price = 100
Hence, the correct answer is INR 800.