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Last year the cost of 1000 articles was ₹ 5000. This year it goes down to ₹ 4000. What is the percentage of decrease in price? |
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Answer» Last year Cost of 1000 articles = ₹ 5000 ∴ Cost of one article = \(\frac {5000}{1000} = ₹ 5\) This year Cost of 1000 articles = ₹ 4000 ∴ Cost of one article = \(\frac {4000}{1000} = ₹ 4\) Decrease in price = ₹ 5 – ₹ 4 = ₹ 1 Decrease In percentage = 1/5 × 100% = 20% |
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