Question
Download Solution PDFThe current price of a laptop is ₹78,000 after a 20% increase this year. What was the price of the laptop last year?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFGiven:
Current price of the laptop = ₹78,000
Percentage increase = 20%
Formula Used:
Last year's price = Current price / (1 + Percentage increase)
Calculation:
Let last year's price be P.
Current price = P × (1 + 20/100)
⇒ ₹78,000 = P × 1.20
⇒ P = ₹78,000 / 1.20
⇒ P = ₹65,000
The price of the laptop last year was ₹65,000.
Last updated on Jul 16, 2025
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