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Question
After a 20% hike, the cost of Chinese Vase is Rs 2000. What was the original price of the object?
Solution
Let the original price of the object be x.
According to the question, we have:
20 % of x + x = 2000
\[ \Rightarrow \frac{20x}{100} + x = 2000\]
\[ \Rightarrow \frac{120}{100}x = 2000\]
\[ \Rightarrow x = \frac{200000}{120}\]
\[ \Rightarrow x = 1666 . 67\]
Thus, the original price of the object was Rs 1, 666 . 67 .
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