Question
Download Solution PDFThe price of an electric bike was Rs. 1,25,000 last year. This year, its price got decreased by 30%. What is the price (in Rs.) of the electric bike this year?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Price of the electric bike last year = Rs. 1,25,000
Decrease in price = 30%
Formula Used:
Price this year = Last year's price - (Decrease percentage × Last year's price)
Calculation:
Decrease in price = 30% of 1,25,000
⇒ Decrease in price = (30/100) × 1,25,000
⇒ Decrease in price = 0.30 × 1,25,000
⇒ Decrease in price = 37,500
Price this year = Last year's price - Decrease in price
⇒ Price this year = 1,25,000 - 37,500
⇒ Price this year = 87,500
The price of the electric bike this year is Rs. 87,500.
Last updated on May 28, 2025
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