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in Commercial Mathematics by (28.9k points)
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After a 20% hike, the cost of Chinese Vase is Rs 2000. What was the original price of the object?

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Best answer

The Cost of chinese vase after hike = Rs. 2000

Percentage hike = 20% 

Let original price of chinese vase = Rs. X

Hence,

\(={X}+{X}\times\frac{20}{100}\) = 2000

\(={X}+\frac{X}{5}\) = 2000

\(=\frac{6X}{5}\) = 2000

\({X}=\frac{2000\times5}{6}\) = 1666.67

∴ original price of chinese vase = Rs. 1666.67

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