The price of certain article is ₹ 15000. But due to slump in the market, its price decreased by 8%. Find the new price of the article.
Correct Answer: ₹ 13800
Explanation:
Given that, P = ₹ 15000, and Q = 8 According to the formula,
Required new price = [(100 - Q)/100] x P
= [(100 - 8)/100] x 15000
= (92/100) x 15000
= ₹ 13800
